Author Liu Xiliang et al
Publisher Economic Sciences Press
Date Nov. 1, 2012
As the globalization has progressed since the beginning of the 20th century, finance sector has brought in huge risks to the world, especially the developing countries despite the fact that it has also advanced the growth of global economy. The history of world finance has shown that neither the developed countries nor the developing ones can avert financial crisis in practicing liberalized economy. Economic growth is always accompanied by the accumulation of financial crisis which may go to a point where the financial safety of a country can suffer seriously. Faced with the increasingly complicated economic globalization and China’s new round of opening up and peaceful rise, the Chinese government has come up with the forward-looking idea of building a “harmonious world”guided by the“new security concept”. But what financial opening-up strategy does the rising China should adopt? How will the financial system support the high-speed growth of Chinese economy? Will China be hit by a financial crisis? And what circumstances could result in a financial crisis in China? This research will enrich the theories on financial safety in the new period and provide important decision-making support for risk prevention, maintaining financial safety and keeping national economy healthy and sustainable.
A Major Subject Research Project of MOE on Philosophy and Social Sciences:A Research on Risk Prevention and Financial Security in China’s Financial Internationalization starts with the interpretation of basic concepts and the analysis of the logical relations between individual risks, systemic relations and financial safety. It centers around one research core - financial institutions, especially banks, looks from two perspectives -financial economics and financial and political economics, and makes elaboration at three levels - national security, economic safety and financial safety. In particular, the book looks at the roles of government and market in risk prevention and financial safety against the double constraints in China. It puts forward the theory for risk prevention and financial safety in a government-dominated financial system, and gives new connotations to the roles and behaviors of the government in market-oriented economy. Furthermore, the book also looks deep into the risk measurement and crisis warning against the double restraints by different methods, in the hope of delivering theoretical support for the establishment of financial crisis management system in China.
Liu Xiliang, male and born in 1956, graduating with a Doctor degree of economics from Southwestern University of Finance and Economics (SWUFE)and being a professor under Cheung Kong Scholars Program, acts as Director of China Finance Research Center of SWUFE. He is also a member of Applied Economics Appraisal Group of the Sixth Academic Degree Committee of the State Council, Executive Director and Academic Committee member of the Standing Committee under China Society for Finance and Banking, Executive Director and Academic Committee member of the Standing Committee under China International Finance Society, a member of Science and Technology Advisory Group for CPC Sichuan Provincial Committee and Sichuan Provincial Government, a member of Finance Practitioners Certification Panel of Experts , and Chairman of Finance Textbook Editorial Board for China Financial Publishing House. Currently he focuses his areas of interest on rural finance, and financial risks and safety, having published scores of articles on journals including Financial Research, Finance and Trade Economics, and Economic Perspectives.
A Major Subject Research Project of MOE on Philosophy and Social Sciences
By Liu Xilianget al
Economic Sciences Press