All-in-one Bank and the Future of China's Banking Industry

Author: Li Kuan
Publisher:
Publish Date: 2006-08-01
Features: This book attempts to comprehensively analyze the development logic of universal banking systems using financial intermediary theory and applies it to explain the development of universal banks in China's transition economy. The book begins with the Arrow-Debreu general equilibrium model, demonstrating the necessity of financial intermediaries by gradually relaxing the assumptions. Through mathematical modeling analysis, it proposes a systemic holistic view of financial intermediaries under uncertainty. On this basis, it conducts a comprehensive and systematic analysis of the external and internal factors of universal banking development, the costs, benefits, and risks of universal banking development, the path cycles and organizational models of universal banking development, and more. Finally, it conducts a forward-looking study on the future model of China's financial industry development.