The Study On Financial Endogenous Mechanism

When human steps into the21st century, along with the development of global communicationtechnology and internet, unprecedented changes have taken place in the world economic andifnancial environment, the tendencies of economic&financial globalization andeconomicsifnancialization are becoming clearer than be fore. The relationship between economics and financialis more complicated. The coexisted situation of Economics&financials globalization and financialcirsis broke out frequently pushfinancial academicians to rethink and innovative financial theory inthe world. One typical opinion is that financial is one thing as like leverage to pry up the economics,This opinion segregated the internal relationship between financial and economics seirously,therefore has certain limitation and can’t reflect the reality that financial has become themotive forceof economics development, so it is necessary to understand finance from the view of endogenisis.The finance is one subsystem which is inherent in economics system and social system，aself-organized system, and also a complicated huge system. Therefore，the finance study should’ntbe limited at financial system itself, but shouldstart from the view of whole picture about economics,finance and social functions. With the angle of aggregated view and system theory, the financialfunction can be divided into endogenic function(resource allocating function, f nancialcongrcgatingfunction, financial radiating function and ifnance regulating function) and basic financialfunction(means of payment and agent function). The conversion from basic financial function toadvanced financial endogenic function is actually themechanism of finance endogenisis.The conversation of financial endogenisis experienced lour history stages: Middle Ages period,namely financial basic function formation and development period; industry revolution period,namely financial endogenisis function start to set up; new economic ages, namely financeendogenisis function development period, the finance endogenisis function was discovered.The transition of finance endogeninsis ishistoric necessity, the structureand arrangement offinance self-organized system are also transform from the too] outside economics to resource insideeconomics, the nonlinear running between the factors in finance system leads to conflicts and antinomies, by all means brings the whole system function promotes ordecreases. The mutualcoordination is the only way to reach the effect that the whole ifnance function promotes. Banksand non-bank financial instit’utionscoordination can make the microcosmic efficiencyof financeself-organized system promote, and the harmony between finance markets, finance policiesvs.financepractices can help realizing macroscopic eiffciency promote of finance self-organizedsystem.Finance，economy and society is a opening, complicated and huge system. At different historyperiod in whichthe antinomy and conflict of financial system, economics and finance system aredifferent, therefore, by all means request the coordination of financial system, economicssystemandsocial system,to lead the efficient promote of finance endogenisis system. The way to realizesystem efficient promotion is mainly depending on the coordination across the finance system andeconomics organizing model, the reasonabledeflnition of free financial marketing action with thegovernment intervention， and maximize the microcosmic eiffciency and macroscopicefficiency-Financial system to social system inside take effect to lead to promote of carry out pathmainly is the service function of financial system to want to moderate with mutual cultuer，race andmorals and society system of particular society.The finance is strategic resources of a national economic development, have already becomethe strategic high point and important battlefield of big countries games to control world’s ifnancialresources. To developing countries, they have to rise finance to the strategic height of nationaldevelopment, implement the strong finance strategy of national development, finance opening,finance developing, finance oriented, financial safety, and the ifnance sustainable developmentstrategy, to achievenational safety, rich and strong. This is actuallymeaningof the study of financeendogenisis mechanism.