After many years " reform and development , compelling changes have happened in the financial system and financial structure of our country . finance has already become one significant variable hi the economy and our life 经过多年的改革和发展，我国金融体制和金融结构已发生了令人注目的变化，金融已成为经济与生活中一种重要变量。
This thesis studies different financial structures - focusing on financial market or bank medium - as well as their mechanisms and effects of converting savings into investments . the theme of this thesis is " finance and economic growth " 本论文旨在研究不同金融结构? ?以金融市场为主的金融结构与以银行中介为主的金融结构，履行储蓄向投资转化功能的机制与绩效。
Third , the thesis offers a set of rational suggestions on structure designing of the market . fourth , the thesis put forward the concept of under - financial structure which evolve an objective coordinate system on the research of stock market 第四，独创性地提出了亚金融结构概念，并衍生出衡量证券市场发展水平的科学指标，为研究其结构演化提供了一个客观的坐标系。
The course of economic development in developed market country indicate financial deepen must follow improvement of financial structure , and among the course , the proportion of non - bank financial institutions will increase constantly 成熟市场经济国家的发展历程表明，金融深化必然伴随着金融结构的改善，而在此过程中，非银行金融机构在整个金融结构中的比重会不断提升。
The thesis argues that bank medium and financial market are complementary in providing financial services and promoting economic growth . it is maintained that different financial structures will benefit from mutual incorporation 论文论述了金融市场和银行中介在提供金融服务、促进经济增长上的互补性，认为未来金融结构的演变趋势应是不同金融结构的互相融合，即兼收并蓄，优势互补。
Financial innovation has deeply restructured modern financial system , traditional dichotomy of direct finance and indirect finance has lost power to recapitulate financial system , and necessary to reclassify modern financial system 摘要随着金融创新的发展，现代金融结构发生了深刻的变化，传统直接融资与间接融资的两分法已经失去了对金融发展的概括力，需要寻求对金融体系的重新分类。
As such , the next step in the financial reform in china should shift its focus from pursuing purely quantitative development to upgrading financial quality , which includes the improvement of financial structure and financial efficiency 我国金融体系存在的问题是金融结构不合理，金融功能发挥不足。下一步的金融改革应从追求数量发展转向提高金融质量，包括完善金融结构和提高金融效率。
2 fundamental framework this dissertation builds on the general theme of financial structure in determining the nature , scope and strength of monetary transmission mechanism , with a focus on a theoretical and empirical analysis of the money and credit channels 除导论外，本论文共分7章。第1章、第2章提供了关于金融结构与货币传导机制关系的理论基础与资产组合条件下的一般均衡分析框架。
Since 1960 ' s , the relationship between financial factors and economic growth has been the main research object in the financial structure and the financial development theory , and it gradually became an important theoretical branch in the financial field 自从20世纪60年代以来，金融结构和金融发展理论以金融因素与经济增长之间的关系为主要研究对象，逐渐发展成为金融领域的一个重要理论分支。
Bernanke , gertler and gilchrist ( 1999 ) recognize that the inclusion of a richer financial structure , at least assigning a nontrivial role for banks into the monetary transmission mechanism , would be a worthwhile theme for research 该选题的现实意义，在于中国的金融结构正在由以银行为基础向以市场为导向转型，金融结构的转型会对货币传导机制和货币政策效率，进而对宏观经济稳定产生重要的影响。
