A Comparative Study On The Financial Stability Of The Developed Countries And The Developing Countries

China’s famous macro economist Xiang Songzuo believes that "the current global economic form is generally pessimistic, and the international can assume the new industrial revolution of the four countries are the United States, Germany, Israel, Japan, China has not found their position." Review of the 15 years since we entered the twenty-first Century, the world’s development pattern and twentieth Century’s big environment and big trends are very different, and the challenges are greater. The frequency of the financial crisis is higher, showing the characteristics of a wide range and more complex.. Such as in 2008, the outbreak of the financial crisis bring disaster to the development of the global economy, in order to restore the vitality of the economy, the government has adopted various economic development policies and measures to stimulate the economy in a long time slowly recovering. As a developing country. China’s financial environment is not perfect and very fragile, in order to avoid the occurrence of financial crisis, we should sum up and draw lessons from developed countries, so as to avoid uncontrollable financial crisis. Therefore, the study of financial stability is of great significance to economic development.In this paper, the developing countries and the developed countries as a whole through the two dimensions of the classification of the financial stability of the comparison, we can analyze the different time periods and different levels of development of the structure of the similarities and differences between countries. For developing countries in policy guidance, especially for our country to avoid the occurrence of financial crisis to provide data support, and to provide some suggestions for developing countries in the direction of economic development and the prevention of financial crisis. Financial stability is a comprehensive concept, which involves the macro and micro aspects of the content, it is not directly through a certain data or direct calculation of measurement, so to study the financial stability of this paper established a financial stability index system. In the index selection, this paper selects the IMF financial stability index system, China’s financial stability system and other selection of financial stability indicators, but from the perspective of data can be obtained from the perspective of the four indicators, mainly for economic structure, economic bubble, bank assets quality, employment rate. In this paper, we combine Factor Analysis Exploratory (EFA) and Factor Analysis (Confirmatory) to study the financial stability system.In order to make the financial stability analysis, the developed country and the developing country data as the research object. After entering twenty-first Century, the global economy has changed from the original industrialization to the information technology, and the virtual economy has become the main pillar of the economy, and the financial industry plays an important role in the economy as the allocation of resources.Especially with the development of economic globalization, the relationship among the countries is more and more closing. From the original independent economic development to the global integration model, the stability of a country’s economy is not only influenced by its own internal development, but also by the influence of more diverse factors, and the financial crisis has become more complex, and the frequency of the outbreak is more frequent. Governments have realized it and they have already taken measures to strengthen financial stability, such as, in 2015, Chinese governments lead in the Asian countries and other countries from the world to set up Asian Infrastructure Investment Bank (AIIB) to prevent the outbreak of financial crisis.Based on the above background, this paper selects financial stability as a graduation thesis. In order to make the empirical analysis more practically, this paper mainly includes the following aspects:First, in order to establish a more suitable financial stability system, this paper will combine explore factor analysis and confirmatory factor analysis, using empirical method to analyze the elements of the financial stability system.Second, When the missing values and outlier are processed, the EM filling method with the least error is selected and the percentile method is selected. When the data is forward, the modified index is used to carry forward the positive. Dates made the standard method of choosing the standard method.Third, in the study of the confirmatory factor analysis, I choose the structural equation model.In the structural equation model analysis, the purpose of this paper is to provide reference for developing countries and find out the overall changes of the development pattern of the world financial stability system between 2007-2013 and 2000-2006. In the empirical analysis, the financial stability is studied from the two dimensions in order to find out the views and suggestions of developing countries.