金融制度设计理论述评

现代银行制度能减少因信息不对称而产生的逆向选择和道德风险 ,从而提高金融制度的运行效率。资本市场的信息反馈与直接监督功能 ,有利于企业的经营管理决策和新兴产业的发展。在经济的初级发展阶段 ,金融制度建设的重点是建立稳健高效的银行制度 ;随着经济的不断发展 ,应更重视资本市场的作用

Theories of Financial System Designing: An Overview

Capable of reducing the number of reverse choices and the amount of moral risk brought about by informational asymmetry, the modern banking system enhances the efficiency of financial systems. The functions of information feedback and direct supervision of the capital market are conducive to efficient business management and development of new industries. In the early stage of economic development, emphasis in financial system construction should be placed on the establishment of a steady, efficient banking system and even greater emphasis on the function of the capital market as economy undergoes further development.