Open The Financial Stability Of The Economic Conditions

In recent years, the wave of economic liberalization and integration together with globalization is much stronger. At the same time each country gradually becomes part of open economy and makes a try on financial liberalization and financial opening in different degree. However, the road of financial opening is not so smooth. On one hand, people enjoy the benefit of economic development due to financial opening; on the other hand, they deeply learn the lessons from the financial crisis.The experience of financial liberalization nations proved a certain relationship between financial opening and financial frailty. It is meaningful to find the theoretical foundation for financial liberalization and maintaining the financial stability, as well as to give suggestions concerned with new situation and progress of financial opening. These thoughts are also the start point of the paper. The essay is composed of six chapters, which studies financial stability of our country from the theoretical and practical angle under the background of open economy.Chapter one makes comprehensive analysis on financial stability theoretically to provide theoretical guide for the subsequent chapters. The main contents include: getting the connotation of financial stability on the basis of the financial stability definition from foreign scholar and related organization; combing the theory of financial stability; analyzing the frame of maintaining financial stability by the central bank and factors influencing financial stability etc..Chapter two and three are concerned with theory and practice of financial liberalization. Chapter two firstly explains the theory and main content of financial liberalization, then analyzes its influence on financial stability from the theoretical and practical angle, finally analyzes concrete content of financial liberalization, such as interest rate liberalization, integrated operation, finance innovation, the institution entry freedom and the capital flow freely etc. Chapter three learns the lessons and experience from financial liberalization practice in developing countries of Latin America and Southeast Asia, and then summarizes the premise, optimal speed and sequence arrange needed for financial liberalization.Chapter four mainly introduces the progress and current situation of financial liberalization, analyzes various problems in the financial stability combined with new condition in open economy.Chapter five constructs comprehensive appreciation index system and explains the calculation and meaning of index in detail with reference to the frame FSAP of IMF and experiences of different countries.Chapter six is the textual conclusion part. It is mainly concerned with construction of financial stability mechanism in the opening economy in the whole angle and provides suggestions as to the problems of financial stability in chapter four. The main content includes: the law frame and construction of financial stability, supervision and coordination mechanism, enhancing the micro base of financial stability, establishing financial safety net and risk supervision warning system etc.