关于金融中介理论的历史演进及述评

The Development and Literature Review of Financial Intermediation Theories

金融中介理论方面的文献相当繁复。本文以历史演进为线索,全面回顾了金融中介理论的演进历史。通过把握交易成本、信息不对称、风险、风险管理、参与成本等金融中介理论的几大基本概念,归纳、梳理与评论各主要金融中介理论的演进背景、主要思想及相互间的联系,并对其发展趋势做了展望。所有这些理论从某种意义上说,都是伴随着现实与理论冲突的困惑、不断修正古典MW完美市场的范式以对凸现出的困惑做出诠释的这一过程而展开的。

References in financial intermediation theory FIT are rather numerous and wide-ranging. The paper introduces the history of FIT in a full-scale. By explaining such fundamental concepts as transaction costs asymmetric information risk risk management and participation costs the paper sums up and makes a literature review of the historical background main ideas and mutual relations of FITs and makes a prospect of development trend. It can be said that all those theories are expanded to explain the disaccord between practice and theories through amending hypothesizes of the classical MW perfect market paradigm.