The Studies On The Measurement Of Financial Liberalization & The Procedure And Approach Of Financial Liberalization In China

The financial liberalization means to reform the financial system so that the operation of financial system shifts f depending on from government's management to market mechanism. that is, gradually decrease government's intervention in the financial organization,financial market and financial instrument. The financial reformation oriented to liberalization is the worldwide economical topics. In the 20 century, almost all countries with different social system and in different stage of economical development are pushing forward financial system reformation. Because financial liberalization not only have the results improving financial operation efficiency and accelerating economical growth, but also takes disasters with financial system and increases fragility of financial system, result in financial crisis. So that financial liberalization is a hot topic of financial research and discussion. In this paper we probe into measure method of financial liberalization level in the background of economical development and financial system reformation of China. And design the index system of financial liberalization, construct mathematical model to measure financial liberalization progress, making use of this index system and mathematical model we give an empirical analysis to financial liberalization progress in China. On the basis of computation we study the impact of financial liberalization progress upon financial development and economical growth in China. In this paper the major creations is as follow:1. We collected and sorted out financial liberalization materials. And analyzed and reviewed financial reformation process in China.2. We designed the index system and mathematical model to measure financial liberalization progress in China. And give an empirical analysis.3. We founded entropy weight formula based on membership set, and generalized entropy weight formula to fuzzy set system.4. We designed computational method of membership based on Analytic Hierarchy Process.5.We built index system of financial development level,measure formula and made an empirical analysis.6. We correct a mistake in paper [1] [2].