2001•Journal of Guangdong University of TechnologyRequires access

Evolution and Prospect of the Theory of Financial Development

Liu Sha

Abstract

Theory of Financial Development is the development of Economics of Development in the field of finance. The relationship between financial development and economic development is a key issue that none of the theory of financial development can avoid answering. Theory of Financial Development, which has history of nearly three decades, can approximately be divided into three phases:Theory of Financial Deepening ,Theory of Financial Restraint, Theory of Financial Sustainable Development. Theory of Financial Sustainable Development, a new view in the new century, is open to further discussion and argumentation.

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Key concepts: Financial modeling, Geography of finance, Finance, Sustainable development, Economics, Development theory, Financial econometrics, Development (topology)