Evolution of the Financial Industry and Financial Development - Construction and Extension of Basic Theories: Construction and Extension of Basic Theories

Author: Sun Weizhu
Publisher:
Publish Date: 2006-09-01
Features: This book studies the general theoretical and practical issues of financial development from the perspective of the evolution of the financial industry, systematically examining the relationship between finance and the economy using the functional perspective. The content includes: financial development from a functional perspective; the development of financial functions and their carriers; the emergence of the financial industry; the characteristics of the financial industry and its relationship with other industries; the evolution of the financial industry and financial development based on this; the evolution of the financial industry in key periods of typical countries; and the evolution and realistic choices of China's financial industry. This book expands the functional perspective in the study of financial development, using the concepts of "financial function carriers" and "financial function externalization" as mediators. It not only unifies households, non-financial enterprises, governments, and financial organizations within the framework of financial development analysis but also explains the new meaning of financial development based on the evolution of the financial industry. In this extension process, it also surpasses general research on the financial industry, opening up a new direction for industry research based on the functional perspective. Furthermore, the book explores the evolution of China's financial industry and future development policies, and many insightful viewpoints proposed will have a positive impact on the practice of China's financial development.