A Review and Prospect of Domestic and International Financial Accelerator Research——Based on CiteSpace Visualization and Analysis
The Great Depression and the subprime crisis triggered a boom in financial research among scholars,resulting in the formation of the Financial Accelerator Theory System,which provides practical value for calming market fluctuations and coping with economic crisis.However,in early 2023,when Silicon Valley Bank went bankrupt and Swiss Bank was acquired,financial accelerator combing becomes necessary.Now,with the help of CiteSpace,the relevant literatures in WOS core set and CNKI database are compared and analyzed visually.The results showed that:(1)Both domestic and foreign journals showed explosive growth in the number of articles published after the financial crisis in 2008,but the growth was faster abroad than at home.(2)There is no core group of authors at home and abroad,and most of them are independent studies.(3)The cooperation of foreign institutions is closer than that of domestic institutions,and domestic institutions lack cross-regional cooperation.(4)The global collaborative network is characterized by closer transnational cooperation among developed countries,with the United States being the earliest and most heavily researched country.(5)There are obvious differences between domestic and foreign research subjects.Foreign countries focus on the mechanism and transmission of financial accelerators,while domestic countries focus more on the consequences and influencing factors of financial accelerators.Finally,we propose to revisit the research on transmission channels,continue to deepen the research on real estate,extend the research on emerging industries and integrate new information technology on the research.
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