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Research on the Statistical Compilation and Application of Global Flow of Funds

Research Project

Project/Area Number 16KT0185
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeMulti-year Fund
Section特設分野
Research Field Global Studies
Research InstitutionHiroshima Shudo University

Principal Investigator

Zhang Nan  広島修道大学, 経済科学部, 教授 (20279061)

Project Period (FY) 2016-07-19 – 2020-03-31
Project Status Completed (Fiscal Year 2019)
Budget Amount *help
¥3,770,000 (Direct Cost: ¥2,900,000、Indirect Cost: ¥870,000)
Fiscal Year 2018: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2017: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2016: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Keywords国際資金循環 / 金融統計 / データベース / 統計マトリックス / Who-to Whom 行列 / 金融ネットワーク / 統計試作 / Who-to-Whom行列 / Global flow of funds / Statistical framework / Data sources / Statistical matrix / Cross- Border financoing / Portfolio rebalancing / 理論的枠組み / 国際資金循環統計 / デーダベース / 統計体系 / 金融安定性 / データソース / データギャップと誤差 / マトリックス / 経済統計学
Outline of Final Research Achievements

This research presents a new statistical approach to measure global flow of funds (GFF) and also establishes a new statistical model based on the economic theory of the GFF. This model depicts the structure and influence and sensitivity of the GFF at stock and flow levels. The approach is elaborated as are the requisite data sources; the structure and equilibrium relation of GFF matrix of 11 countries are subsequently detailed to provide a meaningful case study using a GFF matrix among three countries. GFF model, which builds on prior theoretical constructs in the research stage, is an innovation via its provision of an operational statistical system framework, is the core of the paper. That is, the data contained in GFF statistics make GFF a reality, enabling useful metrics contained in the statistical matrix of GGF; the External Asset and Liabilities Matrix for 2016. Clearly other financial instrument matrices can be constructed to meet the needs of policy-making authorities.

Academic Significance and Societal Importance of the Research Achievements

国際的な金融統計整備の動きに対応し、国際資金循環統計の試作に関する国際学会での研究報告に対して討論者(欧州中央銀行)からこの研究分野でのMilestoneと評価された。国際資金循環統計作成の理論的な枠組みと作成方法を開発したことによって、日米中を含むG20を対象とする「国家×国家」形式のGFFMに組み替え、新しい分析手法で国際資金循環の構造変化を体系的に計測し、GFF分析の視野を広げる。GFFの視座から独創的な分析手法で日米中三カ国のGFFMを作成し、理論の研究のみならず、実際の金融危機対策のために大きく貢献するものと思われる。

Report

(5 results)
  • 2019 Annual Research Report   Final Research Report ( PDF )
  • 2018 Research-status Report
  • 2017 Research-status Report
  • 2016 Research-status Report
  • Research Products

    (38 results)

All 2019 2018 2017 2016 Other

All Int'l Joint Research (6 results) Journal Article (8 results) (of which Int'l Joint Research: 2 results,  Peer Reviewed: 6 results,  Open Access: 6 results) Presentation (17 results) (of which Int'l Joint Research: 8 results,  Invited: 8 results) Book (1 results) Remarks (2 results) Funded Workshop (4 results)

  • [Int'l Joint Research] International Monetary Fund/Stanford University(米国)

    • Related Report
      2019 Annual Research Report
  • [Int'l Joint Research] Shanghai Jiao Tong University/Tsinghua University(中国)

    • Related Report
      2019 Annual Research Report
  • [Int'l Joint Research] International Monetary Funds/Stanford University(米国)

    • Related Report
      2018 Research-status Report
  • [Int'l Joint Research] Peking University/Beijing Normal University/Fudan University(中国)

    • Related Report
      2018 Research-status Report
  • [Int'l Joint Research] Stanford University/International Monetary Funds(米国)

    • Related Report
      2017 Research-status Report
  • [Int'l Joint Research] 中国人民銀行調査統計局/北京大学金融証券研究センター/復旦大学金融研究院(中国)

    • Related Report
      2017 Research-status Report
  • [Journal Article] Measuring Global Flow of Funds: A Case Study on China, Japan and the United States2019

    • Author(s)
      Nan Zhang and Xiuzhen Zhao
    • Journal Title

      Economic Systems Research

      Volume: Vol. 31 Issue: 4 Pages: 1-31

    • DOI

      10.1080/09535314.2019.1574719

    • Related Report
      2019 Annual Research Report 2018 Research-status Report
    • Peer Reviewed / Open Access / Int'l Joint Research
  • [Journal Article] Global Flow of Funds and Uncertainty: Focus on the Cross-Border Financing2019

    • Author(s)
      Nan Zhang and Li Zhu
    • Journal Title

      Advanced Studies in Economic Sciences, Information Systems, Economics and OR, Kyushu University Press

      Volume: Vol. 10 Pages: 11-39

    • Related Report
      2019 Annual Research Report
    • Peer Reviewed / Open Access
  • [Journal Article] 国際資金循環分析:中国、日本及び米国を中心として2019

    • Author(s)
      張南
    • Journal Title

      経済科学研究

      Volume: Vol. 22,No.2 Pages: 11-31

    • Related Report
      2019 Annual Research Report
    • Open Access
  • [Journal Article] Global Flow of Funds and Uncertainty: Focus on the Cross-Border Financing2019

    • Author(s)
      Nan Zhang and Li Zhu
    • Journal Title

      Advanced Studies in Economic Sciences, Information Systems, Economics and OR

      Volume: Vol. 10 Pages: 11-31

    • Related Report
      2018 Research-status Report
    • Peer Reviewed / Open Access / Int'l Joint Research
  • [Journal Article] Big Data Techniques for Measuring Global Flow of Funds2018

    • Author(s)
      Nan Zhang
    • Journal Title

      Recent Studies in Economic Sciences, Information Systems, Project Managements, Economics, OR and Mathematics, Kyushu University Press

      Volume: Monograph 2017 Pages: 29-44

    • Related Report
      2017 Research-status Report
    • Peer Reviewed
  • [Journal Article] 国際資金循環の計測―統計的枠組み、データソース及び統計の試作、2018

    • Author(s)
      張 南
    • Journal Title

      経済科学研究

      Volume: 第21巻 Pages: 7-24

    • NAID

      120006415220

    • Related Report
      2017 Research-status Report
    • Open Access
  • [Journal Article] A Statistical Method and Application for Measuring Global of Flows of Funds2017

    • Author(s)
      Nan Zhang
    • Journal Title

      The Journal of Quantitative & Technical Economics

      Volume: Vol. 34, No.10, Pages: 94-110

    • Related Report
      2017 Research-status Report
    • Peer Reviewed / Open Access
  • [Journal Article] A Research and Practice for Measuring Global Flow of Fund2016

    • Author(s)
      Nan Zhang
    • Journal Title

      Statistical Research

      Volume: Vol. 33,No. 12 Pages: 84-90

    • Related Report
      2016 Research-status Report
    • Peer Reviewed
  • [Presentation] Measuring Global Flow of Funds: Focus on Portfolio investments between G-202019

    • Author(s)
      Nan Zhang and Li Zhu
    • Organizer
      6th Annual Conference of the Society for Economic Measurement
    • Related Report
      2019 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Data on Global Flow of Funds and its Analysis Methods2019

    • Author(s)
      Nan Zhang
    • Organizer
      Symposium on Statistical Innovation and Development
    • Related Report
      2019 Annual Research Report
    • Int'l Joint Research / Invited
  • [Presentation] Measuring Global Flow of Funds: Focus on Cross-Border Bank Credit2019

    • Author(s)
      Nan Zhang
    • Organizer
      Seminar at Tsinghua China Data Center
    • Related Report
      2019 Annual Research Report
    • Invited
  • [Presentation] Statistical Observations Mentioned in Chinese Flow of Funds: 1992-20172019

    • Author(s)
      Nan Zhang
    • Organizer
      Workshop at Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University
    • Related Report
      2019 Annual Research Report
    • Invited
  • [Presentation] Measuring Global Flow of Funds: Methods and applications2018

    • Author(s)
      Nan Zhang
    • Organizer
      the Society for Economic Measurement (SEM)'s 2018 Conference
    • Related Report
      2018 Research-status Report
    • Int'l Joint Research
  • [Presentation] Measuring Global Flow of Funds: A Case Study on the U.S., Japan and China2018

    • Author(s)
      Nan Zhang and Xiuzhen Zhao
    • Organizer
      IARIW 35th General Conference
    • Related Report
      2018 Research-status Report
    • Int'l Joint Research
  • [Presentation] Measuring Global Flow of Funds: A Case Study on China, Japan and the United States2018

    • Author(s)
      Nan Zhang
    • Organizer
      The 7th annual conference of China Statistics
    • Related Report
      2018 Research-status Report
    • Int'l Joint Research / Invited
  • [Presentation] 国際資金循環の計測:中国、日本及び米国を中心として2018

    • Author(s)
      張 南
    • Organizer
      経済統計学会2018年(第62回)全国研究大会
    • Related Report
      2018 Research-status Report
  • [Presentation] 日中の対外資金循環の比較2017

    • Author(s)
      張 南
    • Organizer
      ワークショップ「21世紀における中日の政経関係:現状と展望」
    • Place of Presentation
      中国貴州大学
    • Year and Date
      2017-03-15
    • Related Report
      2016 Research-status Report
  • [Presentation] Measuring Global Flow of Funds: Statistical Framework, Data Sources, and a Country Case2017

    • Author(s)
      Nan Zhang
    • Organizer
      The Society for Economic Measurement 2017 - 4th Annual Conference
    • Related Report
      2017 Research-status Report
    • Int'l Joint Research
  • [Presentation] A Statistical Method and Application for Measuring Global Flow of Funds2017

    • Author(s)
      Nan Zhang
    • Organizer
      中国応用統計学会2017年全国総会
    • Related Report
      2017 Research-status Report
    • Invited
  • [Presentation] Measuring Global Flow of Funds2017

    • Author(s)
      張 南
    • Organizer
      2017年度 統計関連学会連合大会
    • Related Report
      2017 Research-status Report
  • [Presentation] 中国資金循環統計の現状と国際資金循環統計への展開2017

    • Author(s)
      張 南
    • Organizer
      「資金循環分析の国際的応用への基礎研究」研究会、日本貿易振興機構アジア経済研究所
    • Related Report
      2017 Research-status Report
    • Invited
  • [Presentation] Measuring Global Flow of Funds: Statistical Framework, Data Sources, and a Country Case2017

    • Author(s)
      張 南
    • Organizer
      日本金融学会国際金融部会,
    • Related Report
      2017 Research-status Report
  • [Presentation] Measuring Global Flow of Funds: Statistical Framework, Data Sources, and a China's Case2016

    • Author(s)
      Nan Zhang
    • Organizer
      The 6th annual conference of China Statistics
    • Place of Presentation
      Beijing Normal University
    • Year and Date
      2016-10-29
    • Related Report
      2016 Research-status Report
    • Int'l Joint Research / Invited
  • [Presentation] 国際資金循環統計の試作について2016

    • Author(s)
      張 南
    • Organizer
      経済統計学会第60回全国研究大会
    • Place of Presentation
      鹿児島大学
    • Year and Date
      2016-09-11
    • Related Report
      2016 Research-status Report
  • [Presentation] Financial Stress Test: A Case Study in China2016

    • Author(s)
      Nan Zhang
    • Organizer
      2016 First Seoul-Tokyo-Stanford Workshop on Financial Statistics and Risk Management
    • Place of Presentation
      Seoul National University
    • Year and Date
      2016-08-30
    • Related Report
      2016 Research-status Report
    • Int'l Joint Research / Invited
  • [Book] ケースで身につく統計学2017

    • Author(s)
      張 南
    • Total Pages
      232
    • Publisher
      中央経済社
    • Related Report
      2016 Research-status Report
  • [Remarks] http://ns1.shudo-u.ac.jp/~zhang/English.htm

    • Related Report
      2019 Annual Research Report
  • [Remarks] http://ns1.shudo-u.ac.jp/~zhang/Research.htm

    • Related Report
      2018 Research-status Report
  • [Funded Workshop] 6th Annual Conference of the Society for Economic Measurement2019

    • Related Report
      2019 Annual Research Report
  • [Funded Workshop] Society for Economic Measurement (SEM)2018

    • Related Report
      2018 Research-status Report
  • [Funded Workshop] The International Association for Research in Income and Wealth (IARIW)2018

    • Related Report
      2018 Research-status Report
  • [Funded Workshop] The Society for Economic Measurement 2017 - 4th Annual Conference at MIT,2017

    • Related Report
      2017 Research-status Report

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Published: 2016-07-20   Modified: 2023-03-08  

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