Financial liberalization and financial stability

Author: Zhang Liqing
Publisher:
Publishing Date: 2005-06-01
Features: The book is divided into three parts, consisting of 12 chapters. It first provides a comprehensive review of the global financial liberalization process since the 1980s, clarifying the phenomenon and main reasons for financial instability during this process. On this basis, it employs theoretical and empirical methods to reveal the correlation between financial liberalization and financial instability. Subsequently, at a specific level, it further examines the impact of interest rate liberalization, financial service liberalization, capital market development, and capital account openness on financial stability, and conducts an in-depth discussion on policy issues such as the reform sequence, risk early warning, and regulation during the process of financial liberalization. Finally, at the national level, it compares and studies the relevant experiences of financial liberalization in industrialized and emerging market countries, reviews and looks ahead to China's financial liberalization process, and conducts countermeasures research on how to ensure financial stability during this process. The book has a well-structured chapter arrangement, clear arguments, fluent language, and is an invaluable academic work!