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Financial Institutions, Non-bank Development

Posted on:2004-04-18Degree:DoctorType:Dissertation
Country:ChinaCandidate:J WenFull Text:PDF
GTID:1116360095462661Subject:Political economy
Abstract/Summary:PDF Full Text Request
Financial Intermediary system is relatively researched less than financial market, so the former seems to be weak and this is also why this article choosing this field as main research objective. Combined with methods of economics, finance, management, and psychology, this article breaks through the theory that financial development in only the change of its structure. This article firstly brings up the conception non-bankization for the very first time and points out that a general rule of financial development is the non-bankization of financial intermediary system. Basing on this, the structure change of financial intermediary system and China's case are studied.The article has three parts altogether ten chapters. Part I includes Introduction, Chapter 1, Chapter 2 and Chapter 3. Firstly, the importance of financial intermediary is researched and its conception and classification was clarified. Then conception and difference from other relative conception are explained. Secondly, according to the substitution by financial institution, financial market and financial function, a literature survey is made. Thirdly, supporting data is also provided. The part demonstrates that although non-bankization is financial development, bank is still needed in our society. Then a phrase development financial theory was put forward.Part II includes Chapter 4, Chapter 5. Firstly, starting from liability converting, endogenous characteristics and its continuity of bank fragility are demonstrated and the institution arrangement of non-bankization is also brought forward. Secondly, it analyzes the positive sides caused by the action taken by banks to face its limitation in new economy. Then it discusses the change and adjustment of banks' strategy.Part III includes Chapter 6 and Chapter 7. Firstly, from the side of supply and demand, many factors are discussed and the important role of financial creation is emphasized. Secondly, the performance of non-bankization financial development is researched from the three main sides such as efficiency, adaptability and stability.Part IV includes Chapter VIII and Chapter VIIII. Basing on Part I and Part II, this article evaluates the past twenty years' financial development. The problem is banks' (especially state-owned-banks')over development while other financial intermediaries development less. China's financial development should development qualitively more than quantitively. At last, it analyzes the former's bases such as economic foundation, law foundation, accounting foundation, supervision foundation and etc..
Keywords/Search Tags:Financial Intermediary, Financial Intermediary System, Non-Bankization, Financial Development
PDF Full Text Request
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