CAPITAL-MARKET DEVELOPMENT IN CHINA

被引：13
|
作者：
TAM, OK
机构：
[1] University of New South Wales, Canberra
来源：
WORLD DEVELOPMENT | 1991年 / 19卷 / 05期
基金：
澳大利亚研究理事会;
关键词：
D O I：
10.1016/0305-750X(91)90191-J
中图分类号：
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号：
0201 ; 020105 ; 03 ; 0303 ;
摘要：
This paper examines why and how capital markets have developed in a low-income socialist country. It shows that the development is the response of economic agents operating under a more market-oriented economic environment with a highly regulated and inefficient banking system. This development has presented new policy challenges and opportunities. The paper argues that the developmental effects of the emergence of capital markets in China can be as important as its impact on improving allocative efficiency and resource mobilization. © 1991.
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页码：511 / 532
页数：22
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