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| Author: | Liu, Xiliang |
| Title: | Financial currency policy and the prevention of financial risk (original in Chinese) |
| Journal: | Reform of Economic System (c)
1999 : 4, p.4-8 |
| Index terms: | MONETARY POLICY FINANCIAL RISK CHINA |
| Language: | chn |
| Abstract: | Financial risk in China differs from that in Southeast Asian countries. It derives neither from the impact of international unemployed capital nor from the defect in financial supervision system in the transformation process from bank subject to market subject. It is from the traditional planned economy, and has direct or indirect relation with the financial currency policy in transformation process. Therefore, to prevent and resolve financial risk, China should on the one hand, accelerate systematical reform to gradually eliminate systematical factors of financial risk; on the other hand, formulate suitable financial currency policy, and pay attention to the proper arrangement of the two. |
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