The development of modern financial measures and the development of the theory permits the seizure

Since the banks have been, people have been thinking about finance in the role of economic growth. With the development of the theory of financial economics of development have generated, but in the first phase of Development Economics (40 in the late 20th century to the early 1960s), the Western development economists and financial issues not specifically research, Because this stage in the development of ideas in a dominant position in the CD-plan, but the capital and only thinking of industrialization, under the guidance of a financial result of industrialization, and capital accumulation plan of the tools in the leg and was dominant, its development has been neglected . After the mid-1960s, development economics entered the second stage, neo-classical structure and replace the Development of ideas and in a dominant position, the role of the market attention, the development of the financial industry have the right space. Financial development theory, research and development of the financial relationship between economic growth, that is, on the financial system (including financial intermediaries and financial markets) in economic development, the role of the officials on how to establish an effective financial system and monetary policy mix to To maximize economic growth and how to promote the rational use of financial resources to achieve the sustainable development of financial and ultimately to achieve the sustainable economic development. First, the theory of financial development sprouting After the Second World War, a group of newly independent countries in the pursuit of their economic development process, to varying degrees, have been insufficient savings and a shortage of funds constraints, and financial development lag and the inefficient operation of the financial system is inhibiting economic development of deep-seated reasons for . In the late 1960s to early 1970s, some Western economists started in the financial and economic development of relations between the research work, to Goldsmith, Gurley and Shaw, Mckinnon as the representative of a group of economists has published a study on economic Development and financial development as the main content dedicated to the creation of the theory of financial development.