The Construction and Analysis of Financial Liberalization Index of China

Nie Lei; Shigui Tao

doi:doi:10.11648/j.ijber.20170604.11

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The Construction and Analysis of Financial Liberalization Index of China

Nie Lei, Shigui Tao

Published in International Journal of Business and Economics Research (Volume 6, Issue 4)

Received: 11 May 2017 Accepted: 3 June 2017 Published: 13 July 2017

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Abstract

This paper reviews the literature on financial liberalization, defines financial liberalization as a comprehensive reflection of the following aspects: interest rate liberalization, credit control relaxation, measures to encourage competition, macro-prudential supervision, diversification of banking property rights, securities market reform, international financial liberalization. For the past five years, almost all the major events in the process of China's financial liberalization are sorted out and assigned, then this paper uses PCA to do empirical analysis and constructs CFLI(financial liberalization index of China).

Published in	International Journal of Business and Economics Research (Volume 6, Issue 4)
DOI	10.11648/j.ijber.20170604.11
Page(s)	48-52
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2017. Published by Science Publishing Group

Keywords

Financial Liberalization Index, China, Principal Component Analysis

References

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[3]	Xiaojiu Zhuang. Construction of China's financial marketization index [J]. Finance Research, 2007 (11).
[4]	Williamson，John and Mahar，Molli，1998，“A Survey of Financial Liberalization” [J]，Essays in International Finance，No.211, November.
[5]	Montiel, P and Reinhart, C. M., 1999, “Do capital controls and macroeconomic polices influence the volume and composition of capital flows? Evidence from the 1990s”. Journal of International Money and Finance 18, pp.619-635.
[6]	Bandiera Oriana & Gerard Caprio & Patrick Honohan & Fabio Schiantarelli, 2000, “Does Financial Reform Raise or Reduce Saving” [J], The Review if Economics and Statistics, MIT Press, vol.82(2), pages 239-263, May.
[7]	Kaminsky, Graciela and Schmukler, Sergio, 2003,“Short-Run Pain, Long-Run Gain: The Effect of Financial Liberalization”, International Monetary Fund, IMF Working Papers, vol.03/34.
[8]	Koo Jaewoon and Sunwoo Shin, 2004, “Financial Liberalization and Corporate Investments: Evidence from Korean Firm Data”, Asian Economic Journal, vol.18, issue3, pages277-292.
[9]	Nicolas•Borst, Nicolas•lardy, Li Xiang. Progress of financial liberalization and financial stability of China [J], International Economic Review, 2015(3): 168-171.
[10]	Xiaofei Liu. Financial market measure、marketization process and economic growth of China [J], Manager’ Journal, 2015(12): 68-78.
[11]	Huachao Zha, Pei Ping. Chinese Financial Market Level and Measure [J], Research on Economics and Management, 2016, 37(10): 22-30.
[12]	Dai Wei, Xuefang Zhang. Financial development、financial liberalization and the efficiency of capital allocation of the real economy [J], Journal of Audit & Economics, 2017 (1): 117-126.

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Nie Lei, Shigui Tao. (2017). The Construction and Analysis of Financial Liberalization Index of China. International Journal of Business and Economics Research, 6(4), 48-52. https://doi.org/10.11648/j.ijber.20170604.11

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ACS Style

Nie Lei; Shigui Tao. The Construction and Analysis of Financial Liberalization Index of China. Int. J. Bus. Econ. Res. 2017, 6(4), 48-52. doi: 10.11648/j.ijber.20170604.11

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AMA Style

Nie Lei, Shigui Tao. The Construction and Analysis of Financial Liberalization Index of China. Int J Bus Econ Res. 2017;6(4):48-52. doi: 10.11648/j.ijber.20170604.11

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@article{10.11648/j.ijber.20170604.11,
  author = {Nie Lei and Shigui Tao},
  title = {The Construction and Analysis of Financial Liberalization Index of China},
  journal = {International Journal of Business and Economics Research},
  volume = {6},
  number = {4},
  pages = {48-52},
  doi = {10.11648/j.ijber.20170604.11},
  url = {https://doi.org/10.11648/j.ijber.20170604.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20170604.11},
  abstract = {This paper reviews the literature on financial liberalization, defines financial liberalization as a comprehensive reflection of the following aspects: interest rate liberalization, credit control relaxation, measures to encourage competition, macro-prudential supervision, diversification of banking property rights, securities market reform, international financial liberalization. For the past five years, almost all the major events in the process of China's financial liberalization are sorted out and assigned, then this paper uses PCA to do empirical analysis and constructs CFLI(financial liberalization index of China).},
 year = {2017}
}

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TY  - JOUR
T1  - The Construction and Analysis of Financial Liberalization Index of China
AU  - Nie Lei
AU  - Shigui Tao
Y1  - 2017/07/13
PY  - 2017
N1  - https://doi.org/10.11648/j.ijber.20170604.11
DO  - 10.11648/j.ijber.20170604.11
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 48
EP  - 52
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20170604.11
AB  - This paper reviews the literature on financial liberalization, defines financial liberalization as a comprehensive reflection of the following aspects: interest rate liberalization, credit control relaxation, measures to encourage competition, macro-prudential supervision, diversification of banking property rights, securities market reform, international financial liberalization. For the past five years, almost all the major events in the process of China's financial liberalization are sorted out and assigned, then this paper uses PCA to do empirical analysis and constructs CFLI(financial liberalization index of China).
VL  - 6
IS  - 4
ER  -

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Author Information

Nie Lei

Department of Finance, Nanjing Normal University, Nanjing, China
Shigui Tao

Department of Finance, Nanjing Normal University, Nanjing, China

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APA Style

Nie Lei, Shigui Tao. (2017). The Construction and Analysis of Financial Liberalization Index of China. International Journal of Business and Economics Research, 6(4), 48-52. https://doi.org/10.11648/j.ijber.20170604.11

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ACS Style

Nie Lei; Shigui Tao. The Construction and Analysis of Financial Liberalization Index of China. Int. J. Bus. Econ. Res. 2017, 6(4), 48-52. doi: 10.11648/j.ijber.20170604.11

Copy | Download

AMA Style

Nie Lei, Shigui Tao. The Construction and Analysis of Financial Liberalization Index of China. Int J Bus Econ Res. 2017;6(4):48-52. doi: 10.11648/j.ijber.20170604.11

Copy | Download

@article{10.11648/j.ijber.20170604.11,
  author = {Nie Lei and Shigui Tao},
  title = {The Construction and Analysis of Financial Liberalization Index of China},
  journal = {International Journal of Business and Economics Research},
  volume = {6},
  number = {4},
  pages = {48-52},
  doi = {10.11648/j.ijber.20170604.11},
  url = {https://doi.org/10.11648/j.ijber.20170604.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20170604.11},
  abstract = {This paper reviews the literature on financial liberalization, defines financial liberalization as a comprehensive reflection of the following aspects: interest rate liberalization, credit control relaxation, measures to encourage competition, macro-prudential supervision, diversification of banking property rights, securities market reform, international financial liberalization. For the past five years, almost all the major events in the process of China's financial liberalization are sorted out and assigned, then this paper uses PCA to do empirical analysis and constructs CFLI(financial liberalization index of China).},
 year = {2017}
}

Copy | Download

TY  - JOUR
T1  - The Construction and Analysis of Financial Liberalization Index of China
AU  - Nie Lei
AU  - Shigui Tao
Y1  - 2017/07/13
PY  - 2017
N1  - https://doi.org/10.11648/j.ijber.20170604.11
DO  - 10.11648/j.ijber.20170604.11
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 48
EP  - 52
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20170604.11
AB  - This paper reviews the literature on financial liberalization, defines financial liberalization as a comprehensive reflection of the following aspects: interest rate liberalization, credit control relaxation, measures to encourage competition, macro-prudential supervision, diversification of banking property rights, securities market reform, international financial liberalization. For the past five years, almost all the major events in the process of China's financial liberalization are sorted out and assigned, then this paper uses PCA to do empirical analysis and constructs CFLI(financial liberalization index of China).
VL  - 6
IS  - 4
ER  -

Copy | Download