Financial Development Two-Stage Theory

Author: Peng Wenping (1974~)
Publisher:
Publish Date: 2004-11-01
Features: The main arguments of this book: Starting from Mckinnon economics, it is a gradual process for developing countries to establish a developed financial system and avoid financial and economic crises, which can be divided into , the second stage. The main task of the first stage is to preliminarily establish a relatively sound financial system; the main task of the second stage is to relax government intervention and carry out market-oriented reforms.