A Study On Scale Estimates And Influence Factors Of International Short-term Capital Flow

With the development of global financial integration and the deepening of China's opening, the scale of the international short-term capital flowing into and out China is increasing, and more frequent. International short-term capital, with a high degree of liquidity and speculative, but also because of its high degree of concealment, is extremely difficult to supervise and manage for the authorities. Capital projects in China have not completely opened. The large-scale of the short term capital flow on the one hand, is disrupting the China's macro-economic policy formulation and implementation, on the other hand, is a threat to our country's financial and economic security.Firstly, this article gives a Review of the concept of international short-term capital, and defines the international short-term capital in this article referred to, then seek the drivers of international short-term capital flows. On the basis of the analysis of the measuring model, identify suitable research model of this article, and access to China's 1998-2007 annual international short-term capital. Consider the raising of China's asset prices in recent years, give an empirical analysis of the factors which impact the size of international short-term capital flows, and finally put the measures forward to cope with the international impact of short-term capital flows.