Tracking the Development of Flow of Funds Analysis
A country’s flow of funds accounts (FFA) provide a bird’s-eye view of the interdependence between real economy and financial economy from the macroeconomic perspective, reflecting the inflows, outflows, and stock of funds. With a history of more than 70 y
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Flow of Funds Analysis Innovation and Development
Flow of Funds Analysis
Nan Zhang
Flow of Funds Analysis Innovation and Development
123
Nan Zhang Faculty of Economic Sciences Hiroshima Shudo University Hiroshima, Japan
ISBN 978-981-15-7719-2 ISBN 978-981-15-7720-8 https://doi.org/10.1007/978-981-15-7720-8
(eBook)
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Preface
This book discusses the theory, method, and application of flow of funds analysis. It integrates economic statistics, financial accounts, international finance, econometrics, and financial network analysis to demonstrate their interconnectedness. It provides groundwork for understanding the workings of globalized financial markets. The book explains how to observe macroeconomic fund flows, how to measure the global flow of funds (GFF), and how to use GFF data for analysis. Adopting the system of national accounts (SNA) as a framework for measuring GFF, it identifies financial links among economic sectors and the rest of the world (ROW). Its integrated sources include data deconstructed by country/region for selected financial instruments. It sets out the GFF conceptually, constructs a GFF matrix (metadata) on a from-whom-to-whom basis by country, and uses that matrix for empirical study via econometric models and financial network analysis. This text summarizes research into flow of funds accounts (FFA) and GFF. FFA holds a special position within the SNA. It connects the financial and real economies and captures economic exchange between domestic and overseas sectors. It includes statistics for flows and stocks. It is the central account in the SNA and an
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