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金融政策与资本配置效率 1992 2005年中国的实证 by chenorchardcipm is a document available to read on EtoBox.
What is 金融政策与资本配置效率 1992 2005年中国的实证 about?
This paper analyzes the effects of financial liberalization in China from 1992 to 2005 on capital allocative efficiency, using a new financial liberalization index and firm-level data. The findings indicate that financial liberalization improved allocative efficiency, with stock market development having a more significant impact than banking development. Future financial policies should focus on enhancing the role of the stock market within the financial system.
- Author
- chenorchardcipm
- Language
- EN