mttpМеждународная торговля и торговая политикаInternational Trade and Trade Policy2410-73952414-4649ФГБОУ ВО "Российский экономический университет им. Г.В. Плеханова"mttp-207Research ArticleМИРОВАЯ ЭКОНОМИКА И МЕЖДУНАРОДНЫЕ ЭКОНОМИЧЕСКИЕ ОТНОШЕНИЯWORLD ECONOMY AND INTERNATIONAL ECONOMIC RELATIONSНЕСБАЛАНСИРОВАННОСТЬ ФИНАНСОВЫХ СИСТЕМ ВОСТОЧНОАЗИАТСКОГО РЕГИОНА, ОБУСЛОВЛЕННАЯ ПОТОКАМИ ГЛОБАЛЬНОЙ ЛИКВИДНОСТИIMBALANCE OF FINANCIAL SYSTEMS OF EAST ASIAN REGION, DRIVEN ВУ GLOBAL LIQUIDITY FLOWSГущаН. В.GushchaN. V.

Аспирантка кафедры торговой политики факультета мировой экономики и мировой политики НИУ ВШЭ.

119017, Москва, ул. М. Ордынка, д. 17

Post-Graduate  Student  of  the  Trade  Policy  Department  of  International Economy and International Policy Faculty of NRU HSE.

17 M. Ordynka, Moscow, 119017

ngushcha@hse.ruНациональный исследовательский университет – Высшая школа экономикиРоссияNational Research University – Higher School of EconomicsRussian Federation20171412201703134149Copyright © Гуща Н.В., 20172017Гуща Н.В.Gushcha N.V.Данная работа распространяется под лицензией Creative Commons Attribution 4.0.This work is licensed under a Creative Commons Attribution 4.0 License.https://mttp.rea.ru/jour/article/view/207

Актуальность темы исследования вызвана часто повторяющимися системными финансовыми кризисами, быстро перерастающими в международные кризисы, а также необходимостью повышения финансовой стабильности в восточноазиатском регионе. В обширной литературе, посвященной проблеме глобальной ликвидности, влияние потоков капитала рассматривается с точки зрения каналов, посредством которых происходит передача глобальных потрясений и изменение финансового ландшафта. В данной статье дано определение понятия «структурные дисбалансы». Вместе с тем внимание автора сосредоточено на состоянии активов, которые являются конечным результатом влияния потоков капитала на финансовые системы развивающихся стран и, как следствие, на их финансовую стабильность.

The relevance of a subject of a research is caused by often repeating system financial crises quickly developing into the international crises and also need of increase in financial stability for the East Asian region. There is extensive literature on the problem of global liquidity, which analyzes the transmission channels of capital flows to East Asia emerging markets, including the impact on risks to financial stability and financial landscapes.

In the paper attention shifts from the transmission channels to the state of the assets, which are the end result of the effect of capital flows on the financial systems  of  developing  countries  and,  as  a  consequence,  their  financial stability. The article defines the concept of structural imbalances as well.

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The authors declare that there are no conflicts of interest present.