Changes in the institutional evolution of China's bill market

Author: Que Fangping
Publisher:
Publish Date: 2005-09-01
Features: The Institutional Change of China's Bill Market is a scholarly monograph that systematically studies the institutional evolution of China's bill market. The author has collected a vast amount of data and, after conducting a systematic analysis of the entire process of the bill market's natural evolution to government-driven development and its institutional shortcomings, has put forward a series of targeted institutional innovation proposals, such as organizational system innovation, trading instrument innovation (including the innovative development model of commercial acceptance bills), trading method innovation, regulatory system innovation, and control system innovation. It is worth noting that the author has pioneeringly introduced six theoretical formulas for calculating the financial bubble in the bill market. These innovations are both theoretically supported and practically grounded,. Therefore, this scholarly monograph is also a policy proposal book aimed at accelerating the development of China's bill market.