{"title":"金融发展与不稳定:一个理论视角","authors":"Krishna Reddy Chittedi","doi":"10.4172/2168-9458.1000123","DOIUrl":null,"url":null,"abstract":"The financial sector mobilizes savings and allocates credit across space and time. It provides not only payment services, but more importantly products that enable firms and households to cope with economic uncertainties by hedging, pooling, sharing, and pricing risks. An efficient financial sector reduces the cost and risk of producing and trading goods and services and thus makes an important contribution to raising standards of living [1,2].","PeriodicalId":315937,"journal":{"name":"Journal of Stock & Forex Trading","volume":"11 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2014-02-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"3","resultStr":"{\"title\":\"Financial Development and Instability: A Theoretical Perspective\",\"authors\":\"Krishna Reddy Chittedi\",\"doi\":\"10.4172/2168-9458.1000123\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The financial sector mobilizes savings and allocates credit across space and time. It provides not only payment services, but more importantly products that enable firms and households to cope with economic uncertainties by hedging, pooling, sharing, and pricing risks. An efficient financial sector reduces the cost and risk of producing and trading goods and services and thus makes an important contribution to raising standards of living [1,2].\",\"PeriodicalId\":315937,\"journal\":{\"name\":\"Journal of Stock & Forex Trading\",\"volume\":\"11 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2014-02-27\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"3\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Stock & Forex Trading\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.4172/2168-9458.1000123\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Stock & Forex Trading","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.4172/2168-9458.1000123","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Financial Development and Instability: A Theoretical Perspective
The financial sector mobilizes savings and allocates credit across space and time. It provides not only payment services, but more importantly products that enable firms and households to cope with economic uncertainties by hedging, pooling, sharing, and pricing risks. An efficient financial sector reduces the cost and risk of producing and trading goods and services and thus makes an important contribution to raising standards of living [1,2].
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