Structural changes in China's flow of funds (1992–2022): A Who-to-Whom model

We aimed to compile the flow of funds and stock matrix based on the Who-to-Whom (W-t-W) model. Our objective was to analyze structural changes in China's flow of funds and macroeconomic regulation. To strengthen macroeconomic monitoring, we examined the characteristics of fund sources and uses...

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Main Authors: Nan Zhang, Li Zhu
Format: Article
Language:English
Published: AIMS Press 2025-03-01
Series:Quantitative Finance and Economics
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Online Access:https://www.aimspress.com/article/doi/10.3934/QFE.2025006
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author Nan Zhang
Li Zhu
author_facet Nan Zhang
Li Zhu
author_sort Nan Zhang
collection DOAJ
description We aimed to compile the flow of funds and stock matrix based on the Who-to-Whom (W-t-W) model. Our objective was to analyze structural changes in China's flow of funds and macroeconomic regulation. To strengthen macroeconomic monitoring, we examined the characteristics of fund sources and uses across sectors from a sectoral perspective of the flow of funds. Utilizing data on fund flows and stocks, we constructed the Chinese flow-of-funds matrix and financial asset-liability matrix for the period 1998–2022. Furthermore, time series methods were introduced to track the flow of funds and conduct influence and sensitivity analysis of assets and liabilities. We also performed a multiplier analysis of the fluctuations in the flow of funds and discuss the position and role of the Financial Corporation and Government sector in the financial market.
format Article
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institution Kabale University
issn 2573-0134
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series Quantitative Finance and Economics
spelling doaj-art-193ea9b8800f40b6b859cad4c2bb146e2025-08-20T03:47:49ZengAIMS PressQuantitative Finance and Economics2573-01342025-03-019116720110.3934/QFE.2025006Structural changes in China's flow of funds (1992–2022): A Who-to-Whom modelNan Zhang0Li Zhu1Guanghua School of Management, Peking University, ChinaSchool of Big Data Statistics, Guizhou University of Finance and Economics, Guiyang, ChinaWe aimed to compile the flow of funds and stock matrix based on the Who-to-Whom (W-t-W) model. Our objective was to analyze structural changes in China's flow of funds and macroeconomic regulation. To strengthen macroeconomic monitoring, we examined the characteristics of fund sources and uses across sectors from a sectoral perspective of the flow of funds. Utilizing data on fund flows and stocks, we constructed the Chinese flow-of-funds matrix and financial asset-liability matrix for the period 1998–2022. Furthermore, time series methods were introduced to track the flow of funds and conduct influence and sensitivity analysis of assets and liabilities. We also performed a multiplier analysis of the fluctuations in the flow of funds and discuss the position and role of the Financial Corporation and Government sector in the financial market.https://www.aimspress.com/article/doi/10.3934/QFE.2025006flows and stocks matrixtriangulation orderspower-of-dispersionsensitivity-of dispersionmultiplier analysis
spellingShingle Nan Zhang
Li Zhu
Structural changes in China's flow of funds (1992–2022): A Who-to-Whom model
Quantitative Finance and Economics
flows and stocks matrix
triangulation orders
power-of-dispersion
sensitivity-of dispersion
multiplier analysis
title Structural changes in China's flow of funds (1992–2022): A Who-to-Whom model
title_full Structural changes in China's flow of funds (1992–2022): A Who-to-Whom model
title_fullStr Structural changes in China's flow of funds (1992–2022): A Who-to-Whom model
title_full_unstemmed Structural changes in China's flow of funds (1992–2022): A Who-to-Whom model
title_short Structural changes in China's flow of funds (1992–2022): A Who-to-Whom model
title_sort structural changes in china s flow of funds 1992 2022 a who to whom model
topic flows and stocks matrix
triangulation orders
power-of-dispersion
sensitivity-of dispersion
multiplier analysis
url https://www.aimspress.com/article/doi/10.3934/QFE.2025006
work_keys_str_mv AT nanzhang structuralchangesinchinasflowoffunds19922022awhotowhommodel
AT lizhu structuralchangesinchinasflowoffunds19922022awhotowhommodel