From the beginning of 1980s, so-called first-stage financial liberalization reform was put into practice which focused on domestic financial reform, such as interest rate deregulation, restructuring the financial sector and etc.
And then by reviewing the theory of order ly marketization of economy,he related the significance of dual-system finance to the liberalization of finance and the economic development.
China has a lot in common with Indonesia in financial development and the process of financial liberalization, and the financial liberalization in Indonesia has brought China revelations in many aspects.
Although institution,initial condition,structural reform and macroeconomic policies can all influence financial liberalization,among them,institution is the key factors for the performance of transitional economies.
Since the reform wave of financial liberalization, which began in 1970 of 20 century, many Latin-American countries and African countries haven't achieved to their expected goal in financial liberalization. Then, some western economists put forward a theory of financial control. Now, in our country, some people believe that we have owned the condition to carry out the financial control and we should choose the financial control strategy. This paper gives us an analysis of the financial control theory frame...
In order to promote economic development, some developing countries are adopting policies of free financing However, the author points out, when a country loosens control of the financial market and gradually lifts restrictions over international capital, considerable amount of negative inflow of international capital might be incurred, which in turn might give rise to financial crises Therefore, it is important that the government strengthen monitor of the market so as to eliminate chances of potential...
Gradually developing on the basis of following the British financial system, the postwar Australian financial system has experienced the reforms from strict control to deregulation to strengthening supervision, with each reform adapting well to the then general situation of international financial development, and therefore serving to promote the development of Australian economy and finance. In the 1980s, Australian financial liberalization was remarkable for their reforms being most dynamic and their dere...