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Search within results (((CHENG Hua[Author]) AND 1[Journal]) AND year[Order]) AND OR NOT Title Author Institution Keyword Abstract PACS DOI Please wait a minute... For Selected: Download Citations EndNote Ris BibTeX Toggle Thumbnails Select Analysis of External Properties of Financial Network CHENG Hua Teaching and Research    2005, (6): 59-64.   Abstract （1167）      PDF（pc） （2708KB）（1658）       Knowledge map    Save The network for financial dealings is a one-way network with two indirect externalities properties, they are increased mobility brought about by its extension, and free information concerning the market price. From the perspective of industrial organizational evolution the network effect has led to intensified centralization and competition in the financial market. On the one hand, this can promote further progress of the financial industry; on the other, it may raise the probability of financial risks and consequent harm. In this respect, the crucial point to ensure satisfactory operation of the financial network lies in coordination of the behaviors and expectations of the participants. Popularity of the Internet makes it possible for the financial network to reach its maximum effect. Recent progress in the financial market such as the improved structure, innovative tool and reform in methods of dealings are all closely related to the introduction of the Internet. Reference | Related Articles | Metrics | Comments（0） Select The Size and Efficiency of Financial Development under Financial Repress in China CHENG Hua WANG Bu-he Teaching and Research    2003, (8): 32-38.   Abstract （1204）      PDF（pc） （2849KB）（1563）       Knowledge map    Save The financial sector in China has developed rapidly, especially in terms of the financial size. However, as the Chinese government still keeps a tight control over financial development in many aspects, the market mechanism of the banking sector and the capital market cannot function well. As a result, the financial intermediary and financial market have showed low efficiency with respect to allocating social financial surplus and promoting removal of social capital stock. This has also led to the fragility of the financial system itself. The author concludes that in China the progress of financial efficiency does not keep pace with the progress of financial size. Reference | Related Articles | Metrics | Comments（0）