Research on Financial Risks in the Process of China's Economic Transformation

Author: Qin Haiying
Publisher:
Publish Date: 2003-07-01
Features: This book focuses on the issue of financial risks during China's economic transition process as a prominent research topic, attempting to innovate in the following aspects: In terms of research perspective, this book differs from the mainstream research that attributes the emergence of financial risks to external random disturbances, emphasizing instead the inherent instability of the financial system to explain the mechanisms of financial risk generation. In terms of research methodology, this book is grounded in the practice of China's institutional transition, organically combining the generality and particularity of financial risks for international comparison and discussion. This not only achieves the integration of theory and practice but also makes the main arguments and conclusions of the book highly policy-oriented, providing certain theoretical guidance for China's economic and financial system reform. In terms of main arguments, it proposes that the essence of financial liberalization is economic marketization and monetization, while the most important feature of market economy operation is its high volatility and instability, which are the main factors leading to financial risks and even financial crises.