Evolution of Thoughts on Financial Organizations and Regulatory Mechanisms

Author: Zhang Qiuyun et al
Publisher:
Publish Date: 2006-03-01
Features: This book comprehensively presents the trajectory and context of the development of institutional thought in China's finance under the transformation of the economic system, and conducts institutional analysis based on this foundation. In the process of tracing the evolution of thought, it not only reveals the dynamic evolutionary process of China's institutional evolution from inefficient equilibrium to high-efficiency equilibrium, but also integrates the institutional evolutionary and historical institutional analysis methods comprehensively. Equilibrium and empirical analysis are also organically integrated into the research. This study, which takes the financial regulation mechanism with microfoundations as an essential component of the financial system, provides a new perspective for researching the inefficiency of the financial system during China's transition process and holds strong practical significance for improving macroeconomic performance.