Financial Development and Capital Account Openness.What Links between Them?
In this paper, we analyze the mutual impacts of the efficiency of financial system and the effects of capital account openness, and introduce the theory evolution of their correlation, thus to highlight the importance of arranging the reform sequence of the capital account openness and the development of financial system so as to reap the benefits of the liberalization. Meanwhile, we state that both the policies of capital and the economic operation mechanism will change post the capital account openness. Hence, the key points to assure the reform success is to make the reform polices coordinate with each other, match them with the economy operation mechanism. At the same time, these reform polices need to be performed in a dynamic way as well.
Capital account openness financial intermediary financial market financial development
HUANG Dan HUANG Xian
Economics and management School,Wuhan University,P.R.China,430072 Economics and management School,Wuhan University,.R.China,430072
国际会议
2008 International Conference of Management Science and Engineering(2008管理科学与工程国际学术会议)
河南焦作
英文
10-15
2008-11-01（万方平台首次上网日期，不代表论文的发表时间）