The probability of financial crisis occurrence in a country or region increases distinctively as the economic, financial globalization and integration advances gradually. Financial crises occurred frequently across the world at the end of last century. The financial crisis occurred in south eastern Asia had caused such huge loss and became so widely spread that the economic academe realized more profoundly the importance and urgency of strengthening financial crisis warning research. The research of financial crisis warning thus comes into an upsurge. For China, it is now an inevitable trend for China's economy to become merged into the world economic globalization process. Though China has never encounter any financial crisis, it will still face the problem of guarding and solving the financial crisis in the future as China deepens its reform and become increasingly merged with the global economy. This becomes more evident after China became a member of WTO. As China's reform depeens comprehensively in all the economic fields including finance, the potential negative effect of the reform may happen in the way described in the monetary crisis theory, the banking crisis theory and the theory of international financial crisis transfer. The macro economic structural imbalance, the lack of micro market base and the uncertainty of market orieintation during the process of reform all may directly lead to the occurrence of various financial crisis. All these require the research of financial crisis. The research of financial crisis warning, a part of the whole financial crisis research, has thus become the focus owing to its impotance of directions for the real practice.This paper jointly use the normative and demonstrative analysis method in summarizing main results of current researches on financial crisis warning. Besides, this paper uses relative mature warning models to conduct a demonstrative study. |