Evolution of the operating mechanism of Financial

xp574088

Evolution and operation mechanism of Financial

[Summary] In this paper, 'Financial evolution' of this concept and explain its specific content. Then puts forward some 'financial evolution of' new perspective necessary: complex adaptive systems. Finally the effects of the government, banks and enterprises 'financial evolution' in the behavior.

[Key words] financial evolution of complex adaptive systems and their interpretation

financial evolution is the evolution of the financial system of financial rules and other environmental factors in the changes process; various actors to adapt and respond to this and its corresponding concept and psychological adjustment. Here, the 'rule change and other environmental factors' refers to the practice of the law and behavior-based changes in environmental factors; 'adaptation and response' for the various actors, including both environmental factors such as changes in the rules for the adaptation, also including non- adaptation; and 'the corresponding concept and psychological adjustment' refers to the various actors for environmental factors such as changes in the rules contained in the broader economy and even ideological changes within the field of recognition and non recognition of psychological reactions.
life in the real economy, the performance of the financial results of the evolution of changes in the financial system, including the financial system, governments, banks, enterprises and the status of the three major actors in the relationship between changes, but also acts as the object of interest formation, credit control, capital market development, foreign exchange regime and foreign issues change.
as a dynamic process, the financial evolution in time is a long-term, continuous, no matter how its manifestations, as long as the financial exists, the process continues uninterrupted on the back; and its process can be understood events for the evolution of the financial distribution of the timeline. Since the incident took place in the timeline of the distribution is not equidistant, and each event's impact on the financial system and role of time is different, so the financial evolution of the process is not the average. At present,[link widoczny dla zalogowanych], concern for people 'financial reform' from the use case point of view, according to the above definition can be interpreted as 'time to concentrate in a particular place have a significant impact on the financial system, the set of events'. But we discuss the issue of financial reform, it is often overlooked is the financial part of the evolution of the fact that the two confused. This fragmentation of the financial evolution, still of the. Based on this misunderstanding, we pay more attention to the development of new financial regulations, but the implementation process and its specific effects, as well as the situation changes because of the consequential amendments to the work should be seriously inadequate, and thus affect the effectiveness of the policy should be the normal play. So this paper, 'Financial evolution of' the concept of a comprehensive perspective of the dynamic changes in this complex financial system, the actual situation of things.

a new perspective: a complex adaptive system
I think that the use of planning or the mainstream (Western) view of economics can not provide the right evolution for the financial analysis and interpretation. Because advocates of the planned economy seems to individual people, as well as banks and enterprises is only a part of the overall economy, superior orders should only act on the economy the role of higher level requirements. All economic activity, but results of the implementation is only an administrative order, even against the institutional constraints of the most important innovation, while politicizing economic issues, simplistic, naive and in theory is wrong. Planned economy, both in theory and practice to restrict or deny the financial evolution and therefore can not use it as an analytical framework. Mainstream economics on this issue with the planned economy, although very different, but because of its methodological flaws in the study, so they can not provide convincing the financial evolution of the theory of interpretation and analysis framework. For convenience, they will be some economic variables, and sometimes they can not explain some of the economic variables as fixed assumptions (such as by simplifying the 'economic man'; be considered 'constant' of the human ability to innovate - - This is not very different with the planned economy, etc.), and then in an 'ideal' environment, the analysis of economic phenomena, and finally achieve 'perfect' balance. This is actually shaken the foundation of the accuracy of mainstream economics, because in real life, there is no assumption for economists who would give up anything, 'perfect' state of equilibrium is difficult to find the trail, imbalance'd seen everywhere. Here we do not want to deny the achievements of mainstream economics, but if the theoretical and practical conclusions are mostly far from the case, we do not think this theory can be explained effectively in the long term, guiding reality. Therefore, we will examine a new perspective to the whole process of financial evolution.
This is John Holland's 'complex adaptive system'. This concept is widely used in economic, political, sociological, biological and other fields, its main contents are as follows:
first, each is a complex adaptive systems have many play a role parallel to the 'actors' composition network.
Second, every complex adaptive systems with multi-level organization, each level of the actors for the role of a higher level who have played for the role of building bricks. More importantly, such a system can learn from experience with the 'learning' ability to constantly improve and re-arrange their building bricks.
Third, all complex adaptive systems are expected to the future.
Fourth, such a system there will always be a lot of niches. Each of these niches can be an able to adapt themselves to the role of development in which those who take advantage of. The development of these systems have the ability to expand and change is always in a constant, hence the balanced discussion of such a system is meaningless, because once the system into a stable equilibrium state, into a dead system.
Fifth, such a system, actors are independent of each entity, they do not just reflect the control of environmental change, and have their own specific interests and values.
We believe that, 'complex adaptive systems' perspective of the financial evolution of the entire process of analysis and conclusions that are closer to reality, and thus effectively grasp its essence. However, due to my limited ability and reference materials, the following analysis can not fully meet the 'complex adaptive systems' requirements, but the introduction of this perspective is still necessary. Now, from the government, banks and companies that the relationship between the three actors and their start to the perspective of complex adaptive systems to examine the financial evolution of the operating mechanism. Financial evolution of government, banks and enterprises
evolution in the financial, government, the role of banks and enterprises is different, the government changed the rules in the latter two more than the initiative, banks and enterprises is the financial interests of the evolution of the main carrier of the risk --- is the government's economic and financial objectives to achieve the bridge. Compared to banks and enterprises in the financial evolution of the role of its more important role in the major financial companies in an indirect way to appear. Differential role of the three to make the process of evolution in the financial weight have different behavior.
government is the country's ruling body, has a complex policy system, the economy is monetary policy --- one of the main part. The Government in its national mandatory rules of the evolution of a financial (mainly legal) of the main suppliers, or change the government in the formulation of rules, generally according to the following procedures:
(1) rule-making.
Government first gather information: including macro economic conditions and the economic situation of the economic structure, from micro enterprises and the banking and financial system for the advice and change the status of requirements, and then to their own guidelines for the evaluation of the economic standards and analytical tools to deal with this information, and ultimately the formation of the appropriate judgments. Then the original or adjusted the policy to the legislative bodies to establish relevant laws, amend, rescind requirements.
(2) Rules.
After making the appropriate changes, as the chief implementing agency of the government put into practice. The following three factors for the implementation of effective rule changes have a significant impact: First, the size of the government's economic strength. If the Government and its subsidiary bodies control the larger share of the overall economy, this part of the economy to rapidly implement the new rules, while implementation of other economic pressures and forces generated exemplary role, helping to speed up changes in the overall economy rules the speed. Otherwise, its effect is mainly to see the implementation of other economic changes of the main level of agreement on the rules. Here we exclude the government to use its coercive power to implement its rules change, because this often leads to micro-economic agents about the evasion and resistance changes, it is difficult to achieve its economic goals. Second, the executive body of the settings and arrangements. It depends on the content and implementation of rule changes the division of state agencies, and sometimes need to set up new institutions, and sometimes you need the original terms of reference of body re-arrangements. Third, the degree of trust in government, in other words, the government's credibility. This is changing the rules for the implementation of long-term performance is particularly important because the rules of long-term changes in the general interest of the main micro-economic status have a significant impact --- the risk, people do not trust the government when it is difficult to express identity.
(3) ex-post evaluation of the rules.
government actions at this stage and rules are basically the same stage of development, but as a new round of rule-making process. Government changes the rules to analyze the performance of information, judge, to determine whether the need for further improvement.
banks and micro-economic enterprises as the main body of the concrete realization of the financial evolution of those systems they operate within certain rules, but also from their own interests in the financial evolution of the request, mainly in three areas: <br /
First, banks and corporate finance activities in the established practice in the financial rules