2019 Fiscal Year Annual Research Report
Research on the Statistical Compilation and Application of Global Flow of Funds
| Project/Area Number |
16KT0185
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| Research Institution | Hiroshima Shudo University |
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Principal Investigator |
張 南 広島修道大学, 経済科学部, 教授 (20279061)
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| Project Period (FY) |
2016-07-19 – 2020-03-31
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| Keywords | 国際資金循環 / 統計試作 / データベース / 金融ネットワーク / Who-to-Whom行列 |
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| Outline of Annual Research Achievements |
This study seeks to construct the Global Flow of Funds (GFF) matrix model based on its inherent market mechanisms to measure global financial stability. After investigating the basic situation of the savings-investment balance in G20 economies, using GFF data to establish GFF statistical matrix including G20, which can evaluate the financial risks and influences in various countries, and estimate bilateral exposures between countries in three different financial instruments. We use financial network analysis to run an empirical analysis of G20, focusing on the effects of the shock of Portfolio Investment between the United States, China, and Japan, and examine the use of who-to-whom matrices to study the local propagation dynamics of quantity shocks in investment and financing.
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