The Information Efficiency Research Of Financial Ecology

The conception of ecology was amplified on the financial field in the report of"Perfecting Law System, Ameliorating Financial Ecology"made by the president of the People's Bank of China Zhou Xiaochuan. The report was given on the Economics Forum of 50 Persons in December 2nd, 2004.The conception of financial ecology provides a new research method for finance-the essential motivity of economics. It emphasizes the system view of financial field and the unfinancial field concerned as whole and the financial risk concerned with the financial external surroundings. The financial field is faced with complete opening from China affiliated to WTO, and it takes rigorous test to our financial ecology. These are concerned with the stabilization and development of economics and finance. A good financial ecology can make economics and finance develop harmoniously and assure the durative development of economics and finance. So the research of financial ecology presents importance.The flowage of information exists in the movement and development of financial ecology. Information is the base of financial ecology, there is no financial ecology without information. The research of information efficiency of financial ecology is meaningful that information pervasively exists in financial ecology and has some important characters. The function mechanism of financial ecology is some information process of exchange and adjustment from the information viewpoint. An allocation is determined when the information exchange on the stationary point. Each financial unit will have...