金融发展理论在90年代的发展

Financial Development Theory in the 1990s

90年代金融发展理论突破了麦金农—肖的框架，并融合了内生增长理论的一些积极因素。90年代金融发展理论家建立了大量的理论模型，旨在阐释金融体系是如何内生形成和发展的以及金融体系是如何作用于经济增长的，并在此基础上，提出了一系列有关金融发展的政策主张。

Breaking through the framework of McKinnon and Shaw,financial development theory in the 1990s has absorbed certain positive aspects in endogenous growth theory.These theorists set up a large amount of theoretical models to explain how financial systems form and grow,and how they affect economic growth.On basis of these models,a series of policy making implications are discussed.