The Research On The Evolution Of Financial Agglomeration Mechanisms And Its Degree

With the development of economic integration and financial globalization, asignificant increase in the scope of the flow of financial resources financial industry andexperiencing complex evolution process from small to large, from weak to strong. Itsbusiness model, organizational structure and development path also exhibit a high degreeof diversity and complexity, which lead to high concentration of financial resources andfinancial institutions in the financial center city. To explore the evolution of the financialindustry agglomeration’s intrinsic factor and its evolutionary mechanism in the complexeconomic system is a common issue for academic circles in recent years.In this paper, on the basis of the financial industry agglomeration, through to thedomestic and foreign related research results from the reason, mechanism and effect ofclassified three aspects and comprehensive review. Traditional financial agglomerationtheory is an emphasis on the perspective of the static analysis of the financial effect, whichis a large discrepancy between the realities of the development of the financial industryagglomeration, cannot fully describe the development of a deep financial industryagglomeration. This paper seeks to study the evolution of the monetary mechanism ofindustrial clusters based on complex adaptive systems theory. Traditional monetarist theoryis difficult to characterize the agent’s adaptability and complexity in the financialagglomeration system. The rise of complexity science and its application in the monetaryfield to some extent can compensate for the lack of traditional theory and analyze theevolution of financial agglomeration in a dynamic perspective. Therefore, this paper basedon the theory of complex adaptive systems, built complex financial gathering systemevolutionary mechanism to compensate for the lack of this aspect of the study. Finally, thispaper evaluates the degree of concentration of the financial industry based on PrincipalComponent Analysis and makes policy recommendations based on the evaluation results.This paper mainly consists of the following innovations: studied the aggregation,diversity, flow, internal model and building blocks of financial agglomeration system andanalyzed multiple levels of financial agglomeration system and identified agents infinancial agglomeration system. This paper constructed evolutionary mechanism of financial agglomeration system based on the theory of complex adaptive systems evolutionmodel. In the perspective of complexity science, this paper deeply depicted the basicmodel of financial agglomeration system’s evolution and development.