National Financial Risk Theory -- Analysis and Reflections on International Capital Speculative Impacts

Author: Li Chong
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Features: The fact that multiple countries in the 1990s suffered speculative shocks from foreign institutional investors, leading to financial crises, demonstrates that national financial risk has emerged as a new category. How to fully utilize the benefits of international capital flows while preventing their destructive impacts is a major issue urgently addressed by countries. This book revolves around the new category of national financial risk, elaborating on its definition and measurement, the objective foundations of its formation, its external roots, its internal roots, and methods for preventing national financial risk. It also explores how to achieve financial openness and stability in China under the conditions of financial market integration.