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

Author: Sun Weizhu
Publisher:
Publish Date: 2006-10-13
Features: This book studies the general theoretical and practical issues of financial development from the perspective of the evolution of the financial industry, and systematically examines the relationship between finance and the economy using the functional perspective. The content includes:
Functional Perspective of Financial Development;
Development of Financial Functions and Their Carriers;
Emergence of the Financial Industry;
Characteristics of the Financial Industry and Its Relationship with Other Industries;
Evolution of the Financial Industry and Financial Development Based on It;
Evolution of the Financial Industry in Key Periods of Typical Countries;
Evolution of China's Financial Industry and Realistic Choices.
This book expands the functional perspective in financial development research, using the concepts of "Financial Function Carrier" and "Financial Function Externalization" as mediators. It not only unifies households, non-financial enterprises, governments, and financial organizations within the financial development analysis framework 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, as the functional perspective-based analysis of the evolution of the financial industry opens up a new direction for industry research. 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.