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Economic structural reform and China's financial security —Issues, logic and countermeasures

Author

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  • CHEN Yulu

    (School of Finance, Renmin University of China, Beijing 100872, China)

  • WANG Fang

    (School of Finance, Renmin University of China, Beijing 100872, China)

Abstract

The authors believe that the financial operation based on the issuance of paper money in excess of economic capacity resulting from dependence on the state investment is the central manifestation of factors of China's financial insecurity. The financial support for the economic reform, the financial reform and the impact of globalization constitute the major logic of its formation. The fundamentals to safeguard financial security lie in the persistence of the state's comprehensive development strategy, so as to maintain long-term accumulation of the state's net wealth and the stability of faith in markets.

Suggested Citation

  • CHEN Yulu & WANG Fang, 2007. "Economic structural reform and China's financial security —Issues, logic and countermeasures," Frontiers of Economics in China-Selected Publications from Chinese Universities, Higher Education Press, vol. 2(2), pages 151-168, June.
    • Handle: RePEc:fec:journl:v:2:y:2007:i:2:p:151-168
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    File URL: http://journal.hep.com.cn/fec/EN/10.1007/s11459-007-0008-y
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    More about this item

    Keywords

    financial security; economic reform; financial reform; economic globalization;
    All these keywords.

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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