Research on the Risk Sharing Mechanism of the Financial System: From the Perspective of Economic Globalization

Author: Ma Yu
Publisher:
Publish Date: 2006-12-01
Features: Since the 1980s and 1990s, the waves of economic globalization have surged rapidly, swiftly impacting the existing economic systems and structures. Against this backdrop, financial liberalization has become one of the focal points of attention. So, what kind of impact do economic globalization and financial liberalization have on the financial system? Existing theories suggest that financial liberalization encourages the flow of capital on a global scale, enabling more efficient allocation of resources within a broader range and improving economic efficiency.