Expansion and Enhancement of Financial Functions (Financial Development from the Perspective of Functional View)

Author: Yu Zhonghua
Publisher:
Publish Date: 2005-12-01
Features: This book uses the historical stages of economic development as a reference system and takes the movement of value as the starting point to study the relationship between finance and the economy. It explores the origin and development process of finance, investigates the determining factors, constraints, mechanisms, and impacts of financial functions during the agricultural economy period, industrial economy period, and financial economy period. It summarizes and reviews the development trends and evolutionary paths of financial functions, analyzes the causal relationship between financial functions and their determining factors, establishes a basic framework of financial development theory centered on financial functions, proposes the new argument that the essence of financial development is the expansion and enhancement of financial functions, and explains financial crises and financial fragility from the perspective of the financial function view, concluding with several policy recommendations. This book uses the historical stages of economic development as a reference system and takes the movement of value as the starting point to study the relationship between finance and the economy, explores the origin and development process of finance, investigates the determining factors, constraints, mechanisms, and impacts of financial functions during the agricultural economy period, industrial economy period, and financial economy period. It summarizes and reviews the development trends and evolutionary paths of financial functions, analyzes the causal relationship between financial functions and their determining factors, establishes a basic framework of financial development theory centered on financial functions, proposes the new argument that the essence of financial development is the expansion and enhancement of financial functions, and explains financial crises and financial fragility from the perspective of the financial function view, concluding with several policy recommendations.