The Construction and Analysis of Financial Liberalization Index of China
International Journal of Business and Economics Research
Volume 6, Issue 4, August 2017, Pages: 48-52
Received: May 11, 2017; Accepted: Jun. 3, 2017; Published: Jul. 13, 2017
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Authors
Nie Lei, Department of Finance, Nanjing Normal University, Nanjing, China
Shigui Tao, Department of Finance, Nanjing Normal University, Nanjing, China
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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).
Keywords
Financial Liberalization Index, China, Principal Component Analysis
To cite this article
Nie Lei, Shigui Tao, The Construction and Analysis of Financial Liberalization Index of China, International Journal of Business and Economics Research. Vol. 6, No. 4, 2017, pp. 48-52. doi: 10.11648/j.ijber.20170604.11
Copyright
Copyright © 2017 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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