The traditional financial system has the functions of paying and media resource distribution,whereas the modern financial system must increase two new functions of risks dispersion and wealth management.
A strategy of China's financial reform is to construct the financial system of the market-leading type,namely to set up the modern financial system on the basis of the fully developed capital market.
The price bubbles of asset are normal phenomena in the capital market, and within reasonable bounds the price bubbles of asset will not risk the running of the capital market. However, if the asset price has severe bubbles, the break of the bubbles will result in serious risk to a country's finance system and even to the whole economy system.
Therefore, to keep the stable operation of the finance system and sustaining development of the economy, the analysis of the reasons for their formation and evolutionary mechanism, and the suitability analysis of the size of market value based on them are both absolutely necessary.
A strategy of China's financial reform is to construct the financial system of the market-leading type,namely to set up the modern financial system on the basis of the fully developed capital market.
As in China financial resources allocation has a low efficiency, so it is important to develop the financial market in order to improve the efficiency of resources allocation in the financial system and the development of financial system form.
In view of the fact that the Kunming financial industry development present situation regarding constructed the financial platform still to have some noticeable problems, for example the financial system commercialization, the internationalization level were low, money market anti- risk ability difference as well as financial industry management level low status question, this article proposed the use grows the money market to construct the financial platform the tentative plan.
Moreover,Global Finance Market System is made up by the Exchange Market,Monetary Market,International Stock Market,International Gold market and Domestic Finance Market.
The latter is prevailing in the U.S. In a bank-leading system, the financial intermediaries (especially banks) play extremely important role in allocation of capital.
Consequently, they have high investment efficiency. Development of these countries during the transition period of economic growth hinges on the formation of appropriate mechanisms of production factors.
The new financial system based on diagnosis-related groups will be in favor of private investors compared to the governement-dependent university hospitals.
In 2000, Ecuador adopted the dollar as its official currency and gave up the sucre in a desperate move to halt inflation and help a distressed financial system.
The results show that the government has to embark on SME policies designed to disseminate the information on support programmes widely, and to speed up the reform of the financial system, legal framework and law enforcement.
As noted by Gurley and Shaw, there is a typical pattern of economic development in which the evolution of the financial system is an essential aspect of the growth process.
The paper uses a general equilibrium model of the financial system to explore whether banks would choose to use a countercyclical, procyclical or neutral rating scheme.
Farmers are linked with market by commodity contract, modern finance system is a feasible way for pushing the commodity contract, the efficiency and scope of the agricultural commodity contract pattern is restricted by the development of the agricultural finance structure.
How should monetary policy respond to asset price is a long lasting issue. This paper studies the case of real estate and real estate finance in Shangrao, Jiangxi to show the following conclusions. Firstly, real estate market affects price stability and financial risk, thus asset price may be a target of monetary policy; Secondly, aggregate and structural policies should be coordinated; and finally, incentives for household, a multi - layer real estate financial market and legislation are institutional supp...
Pension funds can, in some situations, prompt social savings' transfer to investment, and therefore promote economic growth and development. Operation of the pension fund is based on the whole financial system, and it can, in turn, enhance development and improvement of the financial system. In a market-led corporate governance structure, pension fund can play a relatively important controlling role via the capital market. Larger pension funds are conducive to reducing price fluctuation of securities on the...