since 1984, the People's Bank of China, specializes in the exercise of the functions of the central bank, China's financial system gradually perfect the rapid development of the financial business, to support the development of the national economy. But recalled the journey taken by China's financial industry over the past decade, we found that, to finance never break the pattern of passive adaptation to economic, impossible to escape the "inflation - deflation - expansion of the cycle.
Xie Honghua;Zou Xiuqing;Mao Aiguo;Liu Xiaobo.
Look at the financial stability from financial volatility——Review and Reflection - three times of financial volatility[J]. Journal of Central University of Finance & Economics, 1994, 0(03): 0-0