金融系统演化的政治经济学解释

金融系统演化理论,作为现代金融理论的前沿课题,近年成为金融研究的热点。在法律、投资者保护解释金融系统发展的基础上,政治经济学解释了相同法律起源的国家,为什么金融结构会发生变化,金融系统发展会产生逆转,金融系统的演化仅仅用法律来解释是不完全的,而政治经济学从政治对金融系统的影响角度,较好的解释了法律与投资者保护的不足。文章分析并评述了政治因素如何影响金融系统演化与公司资本结构形成的理论,同时也指出了这一解释的局限性。

Explanation of Financial Systems Evolution from Perspective of Political Economics

The Evolution theory of financial systems, as a first line problem in theories on modern finance,becomes a hot topic in the recent finance theory research. Based on the explanation of financial systems from the perspective of law and investor protection,the political economics can explain why countries with the same law origin have changed financial structures or the development of financial systems sometimes reversed. It's incomplete to explain the evolution of financial systems only from the perspective of law, while political economics, from the perspective of the political influences on financial systems, can better explain the weakness of the theories of law and finance. The article analyzes how political factors influence the evolution of the financial systems and the formation of corporate capital structure. It also points out the limits of the explanation.