Financial intermediation in economic development

Author: Ma Lijuan
Publisher:
Publish Date: 2005-12-01
Features: Financial market investment theory and financial intermediary theory are two major research fields concerning fundamental issues in financial activities. Due to the broad applicability of research findings and the use of mathematical methods, financial market theory has developed strongly, while financial intermediary theory has been neglected. This book attempts to make breakthroughs in this field. The writing of this book considers three aspects: , how are the basic roles and functions of financial intermediaries determined in the economy? Second, how have economic and financial deepening changed the roles and functions of financial intermediaries? Third, what are the specific characteristics of the development of financial intermediaries in China's economy, and what commonalities do they share with Western countries? The book addresses these questions in five chapters and analyzes and predicts the development trends of financial intermediaries in the 21st century.