On the Market-enhancing Function of Government and"Chinese Model"of Financial Development
通过修正传统经济学的贷款均衡理论，构建包含政府因素的市场模型，比较不同国家的金融发展与银行市场化改革，指出理解中国模式的关键在于政府与其他市场因素的关系，中国政府发挥了市场增进功能。
The paper is trying to exploreChinese modelof financial development.Based on the case study of development finance,through revising loan equilibrium theory in traditional economics,the authors create a market model including the factor of government and comparatively analyze the financial development and banks' market-orientation reform in different countries.It points out that the key to understandChinese modelis the relationship between government and other market factors.Most importantly,Chinese government has played the role of enhancing market function.This reminds us that Chinese financial reform should be put on exploring ef- fective combinations of government and other market factors.