摘要
负债约束下的可持续发展潜力可以用发展潜力指数DPI表示,它受到经济发展质量和国家总负债的影响。按照国际通行的国家资产负债率的计算方法,金融市场中的许多金融资产和负债并没有被计入其中。这些金融资产和负债常常形成复杂的金融链条,当其中部分链条断裂时,与之相关的金融资产和负债将因面临现实的风险而被重新计入,使国家资产负债率急剧上升,从而落入一个"DPI悬崖",并有可能引发金融危机。
The sustainable development potential under debt constraint can be expressed by the development potential index(DPI). It is affected by the quality of economic development and the countryundefineds total debt. Many of the financial assets and liabilities in financial markets are not included in the international calculation of the national asset一liability ratio. These financial assets and liabilities often form a complex financial chain,and when some of them break,the associated financial assets and liabilities will be recounted because of the real risks,resulting in a sharp rise in the countryundefineds asset一liability ratio. Thus falling into a "DPI cliff" and potentially triggering a financial crisis.
作者
方平
FANG Ping(Huangshi city Environmental Protection Bureau,Hubei Province,Huangshi 435000,China)
出处
《经济研究导刊》
2018年第35期131-133,共3页
Economic Research Guide
关键词
金融市场
可持续发展潜力
负债
DPI悬崖
financial markets
sustainable development potential
debt
DPI cliff
