Financial Risk: Macro and Micro Perspectives

Author: Li Zhigang
Publisher:
Publishing Time: Not available
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, depicting the history of economic growth and financial risk development after the reform and opening-up. In the research process, it combines theoretical and empirical research methods. 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 status 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, the book also employs game theory methods 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 Patterns
5. Financial Game and Credit Expansion
6. Changes in Corporate Financing Structure and Debt Distress
7. Financial Market Structure and Financial Risk in China
8. Resolution of Financial Risks
9. Prevention of Incremental Financial Risks