Financial Structure and Economic Growth

Author: Yin Jianfeng
Publisher:
Publish Date: 2006-05-01
Features: This book systematically studies the relationship between financial structure and economic growth. The main contents of the book are as follows:
Chapter 1 provides a comprehensive description of the historical understanding of the functions of financial systems and points out a fundamental flaw in previous theoretical research.
Chapter 2 defines and analyzes the concept of financial structure, as well as the differences between different financial structures—market-oriented and bank-oriented structures.
Chapter 3 takes the transaction costs defined in Chapter 1 as the main line, analyzing and comparing the functional differences between the two financial structures from four aspects.
Chapter 4 enters into the analysis of macroeconomic growth, establishes the basic models to be used in this chapter and the following two chapters, and analyzes the responses of the two financial structures to the emergence of new technologies and the mechanisms of technology dissemination.
Chapter 5 analyzes the impact of asymmetric information on technology dissemination and economic growth.
Chapter 6 explores the role of relationship financing and distance financing in the process of technological improvement.
Chapter 7, based on the arguments in the previous chapters, discusses the optimal financial system and the main measures for optimizing the financial system.
Chapter 8 studies China's economic development model, the structural characteristics of its financial system, and the relationship between the two.
Chapter 9 focuses on the liberalization of interest rates as the main content of financial system reform, providing a comprehensive analysis and summary of China's interest rate system.
This book consists of nine chapters, including: The Functions of Financial Systems; Financial Structure and Economic Growth: Facts and Views; Financial Structure and Economic Growth: A Transaction Cost Perspective on Financial Functions, etc.