Behavioral Distortion of State-owned Financial Institutions and Regulatory System Design

Author: Ma Li
Publisher:
Publish Date: 2006-05-01
Features: This book analyzes the reasons for distorted behavior in state-owned financial institutions, explains the dilemma of regulation, and conducts relevant institutional design. It introduces the concept of "regulatory degree" and interprets regulation from a micro-quantitative perspective, emphasizing the importance of moral and cultural constraints in the governance of state-owned financial institutions.