Financial Risk - Macro and Micro Perspectives

Author: Li Zhigang / Country: Mainland China
Publisher:
Publish Date: 2006-07-01
Features: This book analyzes the growth of national economy and the transformation of the financial system from both macro and micro perspectives, as well as the inherent connections between the two. Using a historical perspective, it traces the origins and seeks to find the other in this and the other in that, thereby depicting the history of economic growth and financial risk development after the reform and opening-up. In the research process, a combination of theoretical and empirical methods is adopted. Theoretically, it widely draws on domestic and international theories of economic growth and financial risk to establish the theoretical foundation of this study. At the same time, it conducts empirical research on the causes and current state of financial risks during China's economic transition by analyzing the interactions among the government, enterprises, and financial institutions in the process of economic growth. During the research process, game theory is also used to analyze the economic behavior of enterprises, banks, and the government. The book is divided into nine chapters, which are:
1. Finance and Financial Risk
2. Economic Growth and Financial Marketization
3. Cyclical Fluctuations in Economic Growth and Financial Risk
4. Evolution and Asymmetry of Investment and Financing Structures
5. Financial Game and Credit Expansion
6. Changes in Corporate Financing Structures and Debt Distress
7. Financial Market Structure and Financial Risk in China
8. Resolving Financial Risks
9. Preventing Incremental Financial Risks