For study and solve above - mentioned subject , this dissertation has observed the theory background of interest rate liberalization at first , think that interest rate liberalization can promote economic growth steady and high - efficiently . but because the assumption prerequisites of perfect competition and complete information of the traditional financial deepening theory are too strict , the theory needs to expand further while it is used to direct interest rate liberalization of developing countries 为研究和解决上述课题，本文首先对利率市场化的理论背景进行了考察，认为利率市场化能促进经济稳定高效增长，但传统的金融深化理论由于其完全信息、完全竞争的假设前提过于严格，在指导发展中国家的利率市场化时尚需进一步拓展。
This paper first of all elaborates on financial control and financial deepening theory , providing the theory basis for financial opening . it also pointes out the theory ' s difference between the developed and developing countries and does analyses of the profit and the cost about the financial opening 本文首先论述了金融抑制与金融深化理论，为金融开放提供了理论依据，同时指出发达国家和发展中国家所适用的理论是不同的；然后对金融开放的收益与成本进行了分析。
Since nineteen seventies ' ， with the development of finance restrain and finance deepen theory ， many countries have practiced to promote the economy growth through finance deepening . the gist of finance deepen lies in realizing an equilibrium by using market power ， but most of these countries did not touch the goal and the market became invalid 70年代以来，随着金融抑制和金融深化理论的发展，通过实现金融深化来推动经济增长已经成为很多发展中国家的实践，金融深化的要旨在于利用市场的力量实现一种均衡，但是大多数国家实践的结果市场机制并没有在这些国家实现均衡，在金融深化的进程中市场失效了。
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。
Then we test dynamic of the error correction coefficients . these have some innovator on methodology . this paper is divided into four chapters , whose main contents and structure are as follows : chapter1 - research background nowadays literatures of relationship between financial development and economic growth are comprehensive ; by contrast the literatures of financial intermediary development to some extent are weak 本文第二部分对金融中介发展与经济增长之间的理论进行了研究,现阶段来看金融发展理论已经很成熟了,而金融中介理论与之相比产生的晚、相对薄弱一些,但考虑到金融中介发展理论从根本上说属于金融发展理论的范畴,其中,一些金融理论比如:金融压制理论、金融深化理论和金融发展理论等都可以引申到金融中介发展理论中来,这样就在很大程度上,为我们借鉴和运用金融发展理论分析金融中介问题奠定了基础。
First , i carry on general exposition to the theory of finance deepening , and then propose that different scholars have different views about developing country developing securities market , and analyse the necessity of the development of the securities market with the going on of economic system reform and stated - owned enterprise reform in our country 第一章论述证券市场发展在金融深化中的地位。笔者首先对金融深化理论进行一般性阐述，进而提出不同学者对发展中国家发展证券市场的不同看法，分析了我国随着经济体制改革和国企改革的进行，发展证券市场的必要性。
The thesis is focused on the theory and policy of interest rate liberalization based on the theory of financial depression and financial liberalization with the methodology of normativism and positive analysis . the aims of the study are that ( 1 ) the meaning , conditions and the path of interest rate liberalization which is important in china ; ( 2 ) the structures and status of interest rate in chinese financial system that is not suitable for national economy ; ( 3 ) the effect of interest rate policy praticed by the people ' s bank of china ( 4 ) the foundermantal obstacles laying on road towards the interest rate liberalization ; ( 5 ) the financial risk during the interest rate liberalization which will affect and has affected the financial status ; ( 6 ) the strategy taken by china in order to realizy the the interest rate liberalization 通过系统地探讨利率机制理论和金融深化理论，比较和借鉴国外利率市场化改革的经验，揭示利率市场化与金融资源配置和经济发展之间的相互关系；对利率市场化改革的原因、现状以及影响等进行实证分析；研究了在转轨经济时期和资金供求格局发生变化后的中国利率市场化改革的实践模式、阶段特征、实施战略、风险控制、监管机制等方面的问题；在以上分析的基础上，提出了银行企业化与企业市场化、金融市场协调化、区域经济均衡化、利率改革渐进化、金融风险预警等政策建议。
The traditional economy theories , such as the monetary theory of keynes , friedman and harrod - domar growth model , discussed the role of finance in economy growth from different aspects . in addition , the dispute between finance deepening theory and finance restrain theory is what government should do in the financial development . the theory of modern financial development studies how the financial structure works on the industrial structure by researching on the evolvement of financial institutions and financial markets 根据马克思在《资本论》中的阐述,可以得出金融资源参与产业资本循环是社会化大生产的必然要求的结论;在传统西方经济学理论中,凯恩斯的货币经济理论、弗里德曼的新货币数量说和哈罗德-多马模型等理论分别从不同角度论述了金融在经济增长中的作用;金融深化理论与金融约束理论之争引导人们开始探索政府在金融发展中的作用问题,而当代金融发展理论则从金融机构与金融市场的形成机制角度,探讨了金融结构对产业结构的影响。
Since 1990s , economists have quoted the theory of internal cause of economy growth into the theory of financial developing , so that they can present thoroughly the interrelation between financial developing and economy growth , the concrete show of which on the region is the interrelation between the growth of regional financial and the development of regional economy 麦金农和萧的金融深化理论揭示了发展中国家金融发展的特殊性和阶段性。 90年代以来的经济学家将内生增长理论引进金融发展理论，对金融发展与经济增长之间的互生共长关系进行了深透的阐述。
