Research on Financial Security Issues during China's Economic Transition Period

Author: Liu Xiliang
Publisher:
Publish Date: 2004-10-01
Features: This book focuses on the financial risks faced by China as a transitional economy in the process of transforming from a traditional economy to a modern economy and from a planned economy to a market economy under open economic conditions. The book is divided into four main parts: the Fundamental Theory Section, the Domestic Financial Security Section, the Foreign Financial Security Section, and the Countermeasures Section. The Fundamental Theory Section theoretically defines the connotation of financial security and reviews and evaluates previous theories on financial crises and financial fragility, as well as contemporary financial crisis models, discussing and establishing the basic theoretical foundation for establishing a financial crisis early warning system. The Domestic Financial Security Section primarily explores the domestic factors affecting China's financial security from micro, meso, and macro levels, including the security status of financial institutions and financial markets, China's financial structure and financial security, as well as the impact of economic transformation, government behavior, moral hazard, and the development of derivative markets on financial security. The third section discusses the financial security issues in the process of China's opening-up, including the threats to financial security posed by financial globalization and the transmission of international financial crises, exchange rate arrangements, international capital flows, China's capital flight, and China's capital account openness. The Countermeasures Section proposes corresponding strategies to resolve financial risks and prevent financial crises from micro, meso, macro, and foreign levels based on the above analysis.