金融自由化对经济影响的研究综述

作为经济全球化的一个重要组成部分,国际市场金融自由化得到了众多学者的关注,而这种关注在世界性金融危机重现之后尤为突出。可以从理论基础、方法论以及实证研究三个方面,对金融自由化研究领域的现有文献进行综合深入评析。金融自由化的理论基础涉及金融自由化理论、经济增长理论以及金融自由化与经济发展关系理论,方法论涉及衡量金融自由化的方法以及数据关联问题,实证研究可以从积极和消极两方面就金融改革对经济的影响进行阐述。今后该领域研究存在五大趋势:一是微观领域会纳入更多自由化影响力的研究;二是银行以外的金融机构将受到更多关注;三是金融自由化的衡量方法将得到进一步丰富和完善;四是研究将提高对数据筛选问题的重视;五是未来应从微观和宏观两个层面对金融危机予以研究。

Analysis of the Effects of Financial Liberalization on the Economy

As a significant component of economic globalization,the financial liberalization in the world market attracts considerable academic attention,especially after the reappearance of the global financial crisis.This topic is to be scrutinized from three perspectives,i.e.theoretical foundation,methodology and empirical evidence,in order to exhibit a comprehensive and in-depth review of existing literature in this field.Financial liberalization theory,economic growth theory and the relationship between the financial liberalization and economic development are explained to pave the theoretical foundation of this topic.Methodology includes how to measure the financial liberalization and data related issues.Then,empirical findings are provided to show the positive and negative influences which financial reform has on the economy.In addition,there are five trends for future research.Firstly,more research should be conducted at a micro level to show the effects of liberalization.Secondly,other financial institutions,except banking,need to have more attention.Thirdly,it is necessary to improve measurements for financial liberalization.Fourthly,researchers should be more careful on the data issues.Finally,the recent financial crisis should be investigated more at both macro and micro level.