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:, Zhang Nan (2003) 90 (NIEs ASEAN ),,,, Dawson (2004) 1996 1997, IMF,,Dawson : ( ) ( ) Bain(1973),,,,, Murinde (1996) Green and Murinde (1998),, Dawson (2004) Green (2002),, Green (2002),,,,,, 100, (2002) :,,,, ; ;, ( ),,, (1980) 80,, (1995), ( ),,,, ( ), 1979 1986,,:,, (2004), (1998), (2004), -,,,, (2001)
2006 2,, (2002) 1992 1997,,,, 80,, :,,,,,,,,,,,,,,,,,,,,,,,,,,,,1995 :,,2004 :, 10,2005 :,, 1997 :,,2005 : 2004, 2,1998 :,,2001 :,,2002 :, :,,1987 :, 3,1980 :, 1,2002 :,,,2001 :,,2002 :,9,2004 :,,,,2004 : g g g,,,,2004 :,,,,2004 :g g,,, Backus, D., W. C. Brainard, G. Smith and J. Tobin,1980, A Model of US Financial and Non2Financial Economic Behaviour, Journal of Money, Credit and Banking, 12 :2, May pp. 259 293. Bain, A. D., 1973, Surveys in Applied Economics : Flow of Funds Analysis, Economic Journal, Vol. 83, No. 332, December, (2005) () 101
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2006 2 Murinde, V., 1996, Development Banking and Finance, Aldershot : Ashgate. Millar, J. R., 1991, Institutionalist Origins, in Dawson, ed., Flow of Funds Analysis : A Handbook for Practitioners, London, M. E. Sharpe. Odedokun, M. O., 1990, Flow2of2Funds Model as a Tool for Analyzing Budgetary Behavior of Nigerian State Governments : Evidence from the Civilian Era, World Development. Odedokun, M. O.,1993, An Econometric Analysis of Sectoral Financial and Expenditure Flows in LDCs : Evidence from Flow2of2 funds Data, Indian Economic Review, Vol. 28, No. 1, 1993, 1 24. Roley,V. V., 1980, The Role of Commercial Banks Portfolio Behaviour in the Determination of Treasury Security Yields, Journal of Money, Credit and Banking,12 :2, May, pp. 353 369. Sharpe, I. G., 1973, A Quarterly Econometric Model of Portfolio Choice 2 Part I : Specification and Estimation Problems, Economic Record, December, pp. 518 533. Smith, G., 1975, Pitfalls in Financial Model Building : A Clarification, American Economic Review, 65 : 3, June, pp. 510 516. Segr, C., 1958, Monetary Surveys and Monetary Analysis, Quarterly Journal of Economics, Vol. 72, February. Stone, J. R., D. G. Champernowne, and J. E. Meade, 1942, The Precision of National Income Estimates, Review of Economic Studies, Vol. 9 No. 2, pp. 111 125. Stone, J. R., 1966, The Social Accounts from a Consumer s Point of View, Review of Income and Wealth, Series 12, March. Stone, J. R. and A. Roe, 1971, A Programme from Growth No. 11 : The Financial Interdependence of the Economy, 1957 1966, Chapman & Hall. Taylor, S.,1958, An Analytic Summary of the Flow2of2Funds Accounts, American Economic Review (supplement) Vol. 48, May. Tobin, J., 1963, An Essay on The Principles of Debt Management, in Commission on Money and Credit, Fiscal and Debt Management Policies, Prentice2Hall, Englewood Cliffs NJ, pp. 143 218. Tobin, J. and W. C. Brainard, 1968, Pitfalls in Financial Modelbuilding, American Economic Review Paper and Proceedings, 58, May, pp. 99 122. Wallich, H. G.,1969, Uses of Financial Accounts in Monetary Analysis, Review of Income & Wealth, Series 15. Zhang,Nan,2003, The Flow of Funds in East Asia, Journal of Economic Sciences, Vol. 6 No. 2, 29 42, Feb. 2003. A Survey of Flo w2of2funds Analysis Bei Duoguang and Luo feng (Renmin University of China) Abstract:This paper provides a selective survey of the main issues surrounding the flow of funds : its meaning and origin, conceptual framework, and more particularly the key methods involved in financial analysis. On one hand, flow of funds accounts are essential raw material for any comprehensive analysis of capital market behavior, because they help to identify both the role of finance in the generation of income, savings and expenditure, and the influence of economic activity on financial markets. On the other hand, several methods like sector balances and liquidity analysis, the fixed technical coefficients approach and financial econometric models on flow of funds have been developed from their applications in the financial field. In the survey, the characteristics and the latest developments of every approach are introduced, in order to provide a start point of more applications in China. Key Words :Flow of Funds ; Approach to Flow of Funds Analysis JEL Classification : E100,E200 ( : ) (: ) 103