Financial Theory and PracticeWhat are the reasons for the declining trend in the banker's acceptance market?

Financial Structure, Financial Function Evolution and Research History of Financial Development Theory

People have been thinking about the role of finance in economic growth. The theory of financial development arose with the emergence of development economics, but in the first stage of development economics (the late 1940s to the early 1960s), Western development economists did not specialize in the study of financial issues, because at this stage the structuralist approach to development is in a dominant position, under the guidance of the ideas of planning, capital and industrialization only, finance is in a subordinate position due to the fact that it has become a tool for industrialization, planning and capital accumulation. capital accumulation, and its development was neglected as it became a tool of industrialization, planning and capital accumulation.

After the mid-1960s, development economics entered the second stage, neoclassical development thinking replaced structuralist thinking in a dominant position, and the role of the market was emphasized, so that the development of the financial industry had a suitable space. The real return of money holders is often very low or even negative, resulting in a large number of microeconomic agents no longer through the holding of cash, fixed deposits, time deposits and savings deposits in the form of money for internal accumulation, but to the physical form, the result is a further decline in the bank savings funds, the medium of the function of the reduction in the investment, the slow development of the economy