Dissertation > Excellent graduate degree dissertation topics show

On the international hot money

Author: YinJia
Tutor: HeZeRong
School: Southwestern University of Finance and Economics
Course: Finance
Keywords: Preventive measures of international hot money financial crisis
CLC: F830.9
Type: Master's thesis
Year: 2001
Downloads: 408
Quote: 1
Read: Download Dissertation

Abstract


Southeast Asian financial crisis in 1997, so the name of George Soros, including women and children, was on his endless admiration for someone mention gnashing of teeth hated. It is due to the impact of speculative capital he's Quantum Fund headed to the already shaky baht complete collapse, triggering a financial crisis that swept through Southeast Asia and spread to the world, and the resulting capital flows globalization more attention and discussion. Looking back at the 1990s, three international financial crisis, we can see the shadow of the international hot money. Although most people do not the international hot money as the root cause of triggering or deepening of the international financial crisis, but at least is seen as the crisis directly fuse. As mankind enters the 21st century, the economic and financial globalization, the integration will be the further development and deepening of a high degree of development of communication technology such globalization, the integration can be accelerated, which provides for the movement of international hot money the basis of economic and material, coupled with the emergence of on many financial derivatives business, making speculative easier, lower cost, greater income. Therefore it is necessary to vote more attention to international hot money. The basic idea of ??this paper is to explore the nature of the international hot money as the starting point, the definition of international hot money, characteristics, origins, development, and the pros and cons of elaborate, analyze the role of international hot money in the financial crisis and its impact on a country's the impact of financial security and stability, which leads to the central argument of this paper, that attention should be paid to the prevention of international hot money devastating, and proposed the corresponding countermeasures, stressed to prevent the destruction of the international hot money is not just one country share more bounden duty of all countries of the world, by strengthening international coordination and cooperation, to weaken and even eliminate international hot money of one country (especially developing countries) adversely affected. This paper is divided into three chapters. This chapter around the definition of international hot money in the first chapter of the nature of international hot money to start the so-called international hot money refers to those who do not have a fixed area of ??investment, short duration, in order to chase the high short-term profits and short-term capital movement between each market. After decades of development, the large size of the current international hot money and are no longer dependent on the basis of the real economy, its current structure has also changed dramatically, institutional investors have become the country lt; WP = gt; occasion of hot money body and With highly qualified financial experts and state-of-the-art technology and equipment. The emergence and rapid development of international hot money is a natural result of the evolution of the international economic and financial structure, and the worldwide financial innovation and capital account liberalization and information network technology, the rapid development provides a broad space, compared with the international hot money. International hot money both to improve efficiency, catalytic one, \The chapter concludes by analysis of the definition and characteristics of virtual capital, come to \The second chapter of the international hot money and financial crisis in this chapter, for example, how the impact of the baht by international hot money and the international hot money is directly fuse triggered the financial crisis, but the crisis on the basis of inside from Thailand, because: (1) the decline in labor productivity, The current account deficit and huge budget deficits lead to currency instability; (2) economic policy away from the changes in the international financial market; (3) The economic system is not suited to external wide open; (4) the financial system is not suited to the development of the financial markets, long-term capital market developed; (5) The adjustment of industrial structure not suited to the needs of economic development; (6) financial and fiscal policies are not supporting, so the interest rate is difficult to play a regulatory role. Next, the article summarizes the theoretical impact mechanism of international hot money, and expounded the financial crisis has passed three channels: through competitive devaluation, \lack of distinction between the markets of developing countries and identify. The end of this chapter discusses the international hot money to the financial stability of a country, pointed out that while advancing the process of financial deepening, massive global capital flows, especially international hot money in the frequent access between countries, making the banking system of a country's vulnerability rise The increase in the volatility of the financial markets, financial markets and strengthen the relevance of foreign markets, and the frequent outbreak of the financial crisis. Chapter countermeasures to prevent destructive of international hot money this chapter first analyzes the different exchange rate mechanism and the case of capital controls, the impact of the international balance of payments deficit of a country's currency, and thus a currency crisis triggered capital flight and speculative attacks the possibility of the international balance of payments equilibrium is to prevent the destruction of the foundation of the international hot money. Followed by Thailand and Hong Kong in the financial crisis, for example, a sound financial system is necessary to prevent the destruction of international hot money, and further reform measures: (1) to strengthen the supervision of the financial sector; ( 2) improve the internal control systems of financial institutions; (3) the development of the exchange rate policy is consistent with the degree of openness; (4) to adjust interest rates to be ahead and honor lt; WP = gt; careful. Basic and necessary condition, are from a country's macro-control, but should not be a country of \become a common responsibility of the whole world, so the end of this article proposes to strengthen international coordination and cooperation. First, the face of growing calls for reform of the existing international monetary system, the more realistic approach is to start from the strengthening monetary cooperation based on regional monetary cooperation driven by cooperation between the monetary zone, thus achieving a global policy coordination. Secondly, should improve the international financial regulatory system, in order to maintain a stable and open global economy and financial system, including specific measures: (1) to develop international standards for the country's financial system; (2) improve the information disclosure system; (3) strengthen the supervision of financial markets and capital flows; (4) the establishment of the Financial Stability Forum, strengthen financial market regulation and supervision of the field of international cooperation and coordination; (5) to strengthen the IMF's anti-crisis functions. Finally, the prospects for reform of the international monetary system, due to differences in levels of development between countries, developed and developing countries in the field of international economic and financial inequality relations, as well as the differences between East and West on the concept of state, making reform The road is long and full of thorns.

Related Dissertations

  1. Online Learning and Its Implementation in Intelligent Traffic and Finantial Market,U495;F830
  2. The Study on the Evaluation of Trademark of Company Based on Real Option,F830.9;F224
  3. The Application of Bootstrap in Real Option Pricing,F830.91
  4. Calibration of Local Volatility Surfaces Using Tikhonov Regularization,F830.9
  5. Some Solutions for the Calculation of Option Value,F830.91
  6. Optimal Dynamic Protfolio Selection under Stock Price Process Subject to Fractional Brown Motion and Different Risk Measure,F830.91
  7. Relevance Research between the Open-Ended Fund Flow and the Stock Return Volatility,F830.91
  8. EVA in Performance Evaluation of China’s Commercial Banks,F830.42
  9. Shenyang Branch of China Merchants Bank financial products costing structure and application process,F830.42
  10. The Exterior Regulation of Account Information Disclosure of the Public Commercial Bank of China,F830.42
  11. The Study on the Discrimination, Assessment and Coping Strategies of the Accounting Risk of Our Country’s Commercial Banks,F830.42
  12. The Research of Commercial Banks’ Accountant Designation System,F830.42
  13. Bank of China Sanmenxia Branch Accounting Risk Management Improvement Study,F830.42
  14. Study on the Investors’ Irrational Behaviors in Securities Market,F830.91
  15. Event Effect Based Financial Time Series Prediction,F830
  16. A Comparative Study on the Three Factor Model of Asset Pricing,F830
  17. Portfolio Optimization Model with Transaction Costs Based on CVaR and Empirical Study,F830.59
  18. The Research on the Credit Risk Model of Commercial Banks and Their Adaptation in China,F830.33
  19. Extreme Value Theory and Its Applications in Operational Risk Model,F830
  20. Optimal investment and reinsurance policies with model uncertainty,F840.3;F830.9
  21. Research on Fuzzy Portfoilo Selection Models with Transaction Costs and Various Investment Constraints,F830.59

CLC: > Economic > Fiscal, monetary > Finance, banking > Finance, banking theory > Financial market
© 2012 www.DissertationTopic.Net  Mobile