Expansion and Enhancement of Financial Functions - Financial Doctorate Theses Series (Volume 8)

Author: Yu Zhonghua
Publisher:
Publish Date: 2005-12-01
Features: This book uses the historical stages of economic development as a reference system and takes the value movement as a starting point to study the relationship between finance and the economy. It explores the origin and development process of finance, investigates the determining factors, constraints, mechanisms, and impacts of financial functions in the agricultural economy period, industrial economy period, and financial economy period. It summarizes and reviews the development trends and evolutionary paths of financial functions, analyzes the causal relationship between financial functions and their determining factors, establishes a basic framework for financial development theory centered on financial functions, proposes the new argument that the essence of financial development is the expansion and enhancement of financial functions, and explains financial crises and financial fragility from the perspective of financial function theory, concluding with several policy recommendations. The book comprehensively elaborates on the theoretical foundation: a re-exploration of the connotation of economics, studying money and finance from the perspective of value movement, and the formation and evolution of basic financial functions.