Financial marketization and financial development

The promotion of financial marketization plays an important role in the process of financial development.On the one hand, the financial market is like an accelerator that effectively contributes to financial development; but, on the other hand, as a double-edged sword, the financial market also carries financial risks associated with it.By analyzing the process of marketization in China and comparing it with the history of marketization in other countries, we can study the stimulating and harmful effects of marketization on financial development.