Title: The Transmission Mechanism in Financial System
Abstract: Through expounding the transmission mechanism in financial system, the paper aims to point out that the construction of financial system should pay attention to rationality instead of pursuing perfection in an incomplete financial market. The paper mainly expounds the following issues: What is the main function of financial system? How to develop these functions so as to overcome the negative effect of financial fragility on the entity to reach an ideal state just as what Fischer(1930) described, in which an enterprise can create the largest value for the society, while the customer can enjoy the most.
Publication Year: 2004
Publication Date: 2004-01-01
Language: en
Type: article
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