Research ArticleOpen AccessGoogle Scholar indexed
The Contrastive Empirical Study of Social Financing Scale Increment and Stock
School of Mathematics and Statistics, Qinghai Nationalities University, Xining, China
- 1 School of Mathematics and Statistics, Qinghai Nationalities University, Xining, China
Journal of Mathematical Finance·Volume 10 (2020)·Pages 377–387·Published 11 August 2020·DOI10.4236/jmf.2020.103022
Copy link · social · email
Abstract
This article takes the scale of social financing as the research object, and establishes a VAR model. Through its impulse response function and variance decomposition, it compares the interaction between the increase in the size and stock of social financing under different economic conditions and China’s economic growth.
KeywordsSocial Financing Scale IncrementSocial Financing Scale StockVAR ModelMonetary Policy Intermediary Target
- Huang, X. and Liu, J.W. (2016) Research on the Controllability of Social Financing Scale-Based on the Perspective of “Origin Theory”. Research in Financial Economics, No. 1, 26-36.
- Yin, J.Z. (2013) Connotation, Change and Policy Regulation of Social Financing Scale. Economic System Reform, No. 1, 117-121.
- Wang, M.L. (2014) Research on the Controllability of Social Financing Scale. Financial Theory and Practice, No. 6, 62-66.
- Yu, J. (2013) Analysis of the Effectiveness of the Total Social Financing as the Intermediate Target of Monetary Policy. Statistics and Decision, No. 9, 153-156.
- Chen, X.L., Chen, W. and Chen, Y.B. (2016) Can the Scale of Social Financing Become the Intermediate Target of Monetary Policy—An Empirical Study Based on the Perspective of Financial Innovation. Economics Update, No. 6, 69-79.
- Niu, S. (2017) Comparative Study on the Correlation between Social Financing Scale and Money Supply and the Operational Goals of Monetary Policy. Shanghai Finance, No. 4, 3-11.
- Long, W. and Jiang, L.P. (2015) Research on Social Financing Scale and Monetary Policy Transmission Based on VAR Model. Journal of Shanxi University of Finance and Economics, No. 9, 41-52.
- Sheng, S.C., Zhang, W.H. and Li, X.Y. (2015) Analysis on the Stock of Social Financing Scale. China Finance, No. 6, 18-20.
- Sheng, S.C. and Xie, J.Y. (2016) Social Financing Scale and Monetary Policy Transmission: Intermediate Target Selection Based on Credit Channels. Chinese Social Sciences, No. 12, 60-82 + 205-206.