Analysis Of The Influencing Factors Based Upon VAR Between China And Mongolia Financial Cooperation

Under the background of economic globalization and financial internationalization,finance has become an indispensable strategic resource for international economic cooperation.The internationalization of finance is conducive to the rational allocation and utilization of financial resources on a global scale,which is conducive to improve the efficiency of resource utilization,and ultimately to maximize profits.However,the global financial crisis,as well as the constant economic development,often break the relatively balanced development model,and the negative impact of the rapid transmission to the relevant countries.In particular,the financial system is not perfect,the country is facing huge financial risks.Strengthen financial cooperation with neighboring countries,can effectively prevent and defuse the financial crisis,reduce the harm caused by the financial crisis.Compared with western countries,financial markets,financial institutions in less developed Asian countries is not perfect,imperfect financial system,in order to better cope with the impact of the international financial crisis,the need to strengthen financial cooperation,deepen the reform of the financial system,the establishment of a regional financial cooperation mechanism in Asia.Currently,bilateral exchanges and cooperation in various fields of trade,culture,tourism and other countries continue to deepen.In 2011 the two countries become strategic partners,the relationship between the two countries to a new height and level.2013,China proposed the Silk Road Economic Zone and Mongolia in 2014 proposed the prairie road initiative strategy docking,promoting cooperation between China and Mongolia and the economic and trade cooperation projects.At the same time signed a number of important cooperation agreements covering trade,energy,infrastructure,finance and other fields,financial cooperation has become a pillar of economic and trade cooperation between China and Mongolia.Financial cooperation between China and Mongolia is an important part of regional economic cooperation and even global economic cooperation in Asia.However,due to the defects of the two financial can not fully play its role,to further deepen the trade settlement,investment and financing,financial cooperation,help to strengthen regional financial cooperation in the Asia Pacific region,global economic cooperation and the icing on the cake.The change trend and based on the existing problems,through analyzing the motivation,feasibility and constraints on bilateral financial cooperation between the two countries,using the VAR analysis method of financial cooperation between China and Mongolia factors by quantitative analysis,qualitative analysis of bilateral financial cooperation problems,and from the financial institutions,financial services and coordination mechanism the angle of cooperation between the two countries,financial instruments,financial supervision and puts forward some countermeasures and suggestions.Strengthen financial cooperation can not only promote the bilateral economic and trade cooperation,better play to the role of financial institutions to withstand risks,maintain regional financial safety,but also can promote the rational allocation of resources within the region,ultimately promote financial cooperation to better serve China's economic development and social construction.