A Restatement of Methodology to Measure Net Foreign Assets

摘要：

The paper presents two methods of measuring net foreign assets.including direct financial account and indirect Current Account.The former will be more accurate after considering the changes in valuation.The detailed discussion of valuation methodology is also one of the marginal contributions. Results show that since 1996 China has become a net creditor, but net foreign assets is much lower than the cumulative Current Account surplus or the cumulative foreign exchange reserves.We should not ignore the increment of the external liabilities while assess net foreign assets.China is also facing the economic entity mismatch and currency mismatch.From a global perspective，the status that the rich countries are absorbing capital from the poor countries will not be sustainable and should not sustain.

关键词： Net Foreign Assets Measurement Methodology IIP

作者: Chao ZHU

作者单位: School of Finance ,Capital University of Economics and Business.Beijing,P.R.C.100079

会议类型: 国际会议

会议名称: The Second China Private Economy Innovation International Forum(第二届中国民营经济创新国际论坛)

会议地点: 浙江台州

会议语种:英文

页码: 611-616

在线出版日期: 2009-08-21（万方平台首次上网日期，不代表论文的发表时间）