2012•The Journal of Financial ResearchRequires access
China Financial Development Index;From Global Perspective
LI Xue-ju
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Abstract
Based on the global comparisons with 57 selected countries in terms of financial policy and institutional environment,business environment,banking services and financial markets,this paper constructs a new financial development index for China.Then we analyze the structural problems of financial development of China and find that the financial policy and institutional environment and business environment in China are at a high level,but the financial law system construction,financial innovations,and financial market development still have a significant room for improvement.