Institutional Changes of American Financial Multi-operation——And Its influence on China's Finance
Zhu Bao-qin
Abstract
Zhu Bao-qin
Abstract
The passage of the American Financial Service Modernization Act of 1999 marked a new era of financial multi-operation to come.This paperfirst reviews the theories of institutional changes of American financial multi-operation and analyzes their causes on the basis of the theories.Then it elaborates the institutional restraints and incentives confronted by China if China's finance adopts the multi-operation system.
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The passage of the American Financial Service Modernization Act of 1999 marked a new era of financial multi-operation to come.This paperfirst reviews the theories of institutional changes of American financial multi-operation and analyzes their causes on the basis of the theories.Then it elaborates the institutional restraints and incentives confronted by China if China's finance adopts the multi-operation system.
Key concepts: China, Modernization theory, Incentive, Finance, Economics, Service (business), Financial services, Business