Savings diversion and financial efficiency: a study based on the shareholding reform targeting the four state banks of China

摘要：

The article aims at partly transferring the huge savings deposits from banks to security market and comes up with an innovative financial tool namely Optional and Exchangeable Bonds (OEB) in a hope to stimulate social capitals especially the ultimate capitals from the public to flow into security market, eventually realizing capitalization of bank deposits. Findings of the article can help achieve the Pareto improvement in terms of financial resource distributing efficiency where every party from governments, state banks, and security market to individual residents can reap benefits.

关键词： savings diversion security market state-owned commercial banks optional and exchangeable bonds (OEB) financial resource distributing efficiency

作者: Zhang Xindong

作者单位: School of Management,Shanxi University,Taiyuan 030006,P.R.China

会议类型: 国际会议

会议名称: International Symposium on Financial Engineering and Risk Management(2008年金融工程与风险管理)

会议地点: 上海

会议语种:英文

页码: 248-254

在线出版日期: 2008-06-01（万方平台首次上网日期，不代表论文的发表时间）