2004•Journal of Hubei University of EconomicsRequires access
Financial Restraint or Financial Deepening
Jie Fang
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Abstract
Financial policy in developing countries has been undergoing a change from financial deepening to financial restraint.In the article,the author studies the theory on financial development in developing countries—— — the content ,evolution and policy applicability,approaches,the functions of government in the financial market and points out the limitation of financial restraint emphatically.A conclusion is drawn that the financial deepening and financial restraint are not diametrically opposite because the destination of financial restraint will finally lead to financial deregulation.