Based on a comparative study of China’s three-decade financial system reform and the financial reform model of Russia and selected Eastern European countries, we found noticeable discrepancies between China and other...Based on a comparative study of China’s three-decade financial system reform and the financial reform model of Russia and selected Eastern European countries, we found noticeable discrepancies between China and other transitional countries in respect to objective setting, path and sequence selection, power sources and advancement strategy. We conclude that a "China model" of nancial system reform does exist. The formation and evolution of the "China model" is closely related to China’s special political and economic environment. More importantly, it is significantly influenced by China’s overall economic reform model as well.展开更多
基金This article represents the stage-wise research result of"A Study on the determinants of China’s financial development: 1978-2007"(Grant No.:08CJL003)a National Social Science Foundation project." A Study of Financial System Reform and Monetary Issues" (Grant No.: 04JZD00013)+1 种基金a key human and social science project sponsored by the Ministry of Education and led by Professor Wang Guangqian of the Central University of Finance and Economics and" A Study of Financial System Reform and Monetary Issues" (Grant No.: 04JZD0013)a key human and social science project sponsored by the Ministry of Education
文摘Based on a comparative study of China’s three-decade financial system reform and the financial reform model of Russia and selected Eastern European countries, we found noticeable discrepancies between China and other transitional countries in respect to objective setting, path and sequence selection, power sources and advancement strategy. We conclude that a "China model" of nancial system reform does exist. The formation and evolution of the "China model" is closely related to China’s special political and economic environment. More importantly, it is significantly influenced by China’s overall economic reform model as well.
