TAILIEUCHUNG - Globalization: the Role of Institution Building in the Financial Sector _ The Case Study of China

Financial globalization could be described as a process in which global financial activities get increasingly integrated with the risk creation mechanism. This description emphasizes three points. First, financial globalization is not only a process in which financial activities transcend national borders, but also a process in which risks spread across the markets. Second, financial globalization is initiated by many micro-economic entities to seek profits and is driven by the integration of global financial markets. Third, it is a gradually deepening process with distinct phases | Globalization the Role of Institution Building in the Financial Sector The Case Study of China August 2003 I. Introduction Financial globalization could be described as a process in which global financial activities get increasingly integrated with the risk creation mechanism. This description emphasizes three points. First financial globalization is not only a process in which financial activities transcend national borders but also a process in which risks spread across the markets. Second financial globalization is initiated by many micro-economic entities to seek profits and is driven by the integration of global financial markets. Third it is a gradually deepening process with distinct phases. In general financial globalization covers five areas capital flow monetary system financial markets financial institution and financial coordination and supervision. In China institution building in the financial sector takes place against the backdrop of financial globalization. It not only shares common features with other countries experience but also has its own characteristics. Therefore it is useful to review the process of institution building in China to analyze its effect on the economy and prospects under the framework of financial globalization. II. Review of Institution Building in the Financial Sector A. Main driving forces of institution building A review of the developments of China s financial sector over the past 20 years reveals that reform and opening up have been two major forces driving institution building in the financial sector. Generally speaking the fundamental reason for financial system reform is to increase the efficiency of allocating and utilizing financial resources. The micro economic entities in the financial system initiate financial innovation through seeking for financial resources resulting in improved efficiency of the whole financial market. The reform is market-oriented and aimed to establish advanced financial system and sound .

• Thương mại điện tử
• Funds Analysis
• Financial Sector
• Financial Infrastructure
• Financial Markets
• Economy with Private Placement
• Funds Matrix
• Guarantee funds
• Microcredit institutions
• Comparative analysis
• Guarantee funds in microfinance
• Istitutions generally grant different typologies
• Lecture Finance
• Financial management
• Financial statement analysis
• Mutual funds
• Pooled diversification
• Investing in mutual funds
• Social Discount Rate
• Cost of Public Funds
• project risk
• project risk analysis
• evaluation of investment projects
• corporate finance
• investment
• Integral Problems
• Comparison of Methodologies
• Analysis
• Matrix Based
• Operatorial Approach
• Differential
• usually requires
• produce results
• drilling or mining
• complicated analysis
• multiple levels
• dominate the domain
• Lecture Management of financial institution
• Bài giảng Quản lý tổ chức tài chính
• Management of financial institution
• Investing in international mutual funds
• Mutual fund analysis
• Fixed income analysis
• Interest rate derivative instruments
• Bond portfolio management
• Managing funds against a bond market index
• Cash flow matching
• Portfolio immunization
• Fundamentals of financial management
• The business
• Financial planning
• Performance evaluation
• Data envelopment analysis
• Higher moments
• Mutual fund performance evaluation
• important elements
• reasonable levels
• Bioinformatic Analysis
• Prediction
• Experimental Detection
• Functional Motifs
• English curriculum
• english bank
• payment account
• investment funds
• financial and monetary
• financial institutions
• Sexual Dysfunctions
• Changed America
• Breast Cancer Epidemic
• Consequences of Condomization
• Transmission
• Diagnosis and Therapies
• Essential Oils
• Chiral and Nonchiral
• GC×GC TOFMS Analysis
• Natural Compounds
• Aggregation Pheromones
• Beetles Ips shangrila
• Trichothecene Groups
• Other Applications
• GC MS Analysis
• Secondary Metabolites
• Qualitative and Quantitative
• Determinations
• Sherry Wines
• Grape and Wine
• Atlantic Viticulture
• NW Iberian Peninsula
• Rojal Red Wines
• Mancha Region
• Remote Sensing
• Forestry Studies
• Operative Support
• Forest Utilization
• Adding Value
• Hemicellulose
• Forestry Products
• Unilateral Tariff
• Tariff Liberalisation
• Analysis Using
• Strategic Cost
• Management Practices
• Snakebite Envenoming
• Health Perspective
• Chemical Residues
• Viable but Nonculturable
• Bacteria in Food
• Waste Minimization
• Temperature Storage
• Cryopreservation
• Human Spermatozoa
• Vitrification
• Canadian Experience
• Lethal Osmotic
• Swarm Optimization
• Economic Dispatch Applications
• Decomposition Approach
• Longitudinal Data
• Using MATLAB
• Educational Simulator