It has proved that almost all the countries which had experienced currency or bank crisis had experienced massive capital inflows and outflows . relying on the stringent capital controls , china had survived the 1997 asia financial crisis 另一方面,从发生货币或银行危机的国家实例来看,几乎所有发生危机的国家都经历了资本的大规模流入和资本的大规模、突然逆转。
Since 1980 , there are many countries and regions who have experienced serious banking problem in the world . the weakness of bank and bank crisis are become the economic p roblem of the world . the east - south asia financial crisis make the world astonished 自1980年以来，全世界有130多个国家和地区在不同阶段经历了银行业的严重问题，银行的脆弱性和银行业危机已成为全球化的经济问题，特别是1997年的东南亚金融危机震惊了世界。
The conclusion is that from 1984 to 1997 , the chinese economy grew at a constant and high rate , but with serious inflation ; from 1998 to 2004 , then it was faced with deflation pressure under the influence of southeast asia financial crisis 以货币政策目标作为解释变量建立了中国货币政策有效性理论模型并相应进行了经验实证，其结论是： 1984 - 1997年，中国经济持续高速发展，但伴有严重的通货膨胀； 1998 - 2004年，由于受东南亚金融危机的影响，中国经济运行面临面临通货紧缩的压力。
Ever since the 1997 asia financial crisis , especially after the september 11th terrorist attack and argentina financial turmoil , international economic and financial plight has been increasingly subject to the potential dishevelment . although great achievements have been made in the chinese financial reform and innovations in chinese banking systems , problems still exist and prevail . moreover , china ' s economic transition and its misfit at the initial stage of wto membership are very likely to further catalyze the occurrence of banking risks 11 ”事件及阿根廷金融危机后，国际经济、金融形势日趋严峻，尽管我国金融体制改革、银行制度变革取得了一些成就，但国有商业银行存在的问题依然很多，经济体制转轨和入世初期的不适应，进一步加大了银行风险发生的可能性，金融风险和危机问题对我国来说已经十分现实，威胁就在身边。
For last decades currency crisis bothered the international economy ? speculation attack ended the “ bretton - wood system ” , the fixed exchange rate of latin - america provided targets for speculation attacks in 1980s , euro - monetary system also faced currency crisis in 1992 - 1993 . specially the eastern - asia financial crisis happened in 1997 , then literatures focused on currency crisis became hot argument both on economists and policy makers 货币危机的不断爆发引起了经济学家和政策制订者的极大关注,而1997年的亚洲金融危机进一步刺激了这方面的研究,使得货币危机理论成为国际经济学中最受关注的地热点之一。货币危机理论是一个浩大的研究领域,本文的研究将主要集中于以下问题。
In the last few years , people started to lay store with the moral hazard of the financial industry and its danger . although our country did n ' t involved in asia financial crisis , also did n ' t take place banking crisis such as russian . it does n ' t mean that there are not moral hazard in our country the financial system , which can causes a financial crisis . on the contrary , the moral hazard in our country financial industry is larger than in southweast asia and russia . after join wto , the china ` s bank system will open completely , the china ` s commercial banks will lose protection of government , they will face the fierce competition 虽然我国没有卷入亚洲金融危机,也没有发生类似俄罗斯银行业危机,但这并不意味着我国的金融系统不存在引发金融危机的道德风险问题。恰恰相反,我国金融业存在的道德风险比东南亚和俄罗斯更大。在加入wto后,我国银行体系将逐步全面开放,我国商业银行将失去政府的保护,银行业的竞争将日益激烈。
The biggest contribution of mckinnon and shaw ' s study is that establishment of a framework on analyzing the relationship between financial deepening and economic growth . this paper mains to discussing the emphases , channel and steps of financial deepening of china , based on the discussing of the unique characteristic of the financial mechanism hindering the financial development . before further discuss , this paper makes two preparations : one is analysis of the genuine reason that caused southeast asia financial crisis ; second in hope of solved the measurement of " financial depth " , have introduce new measurement index 本文的研究是金融深化分析框架在我国的延伸，是在学习吸纳已有研究成果的基础上，以金融学、经济学基本理论为前提，密切联系中国实际，对我国金融抑制的独特机理进行深入研究，通过揭示我国金融抑制的特征与金融环境的缺陷，建立度量金融深化的指标体系，提出我国金融深化的重点、途径和方式，试图对深化金融深化理论及促进我国金融改革有所裨益。
