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National policieson the booms and slumps in the financial system

Financial market boom-bust cycle causes a far-reaching impact on the development of all countries. In order to adapt to the changes in the international financial environment in economic globalization, governments must take timely measures. When the recession happens, take domestic financial protection measures to avoid the impact of the financial crisis (Allen & Gale, 2000). In the prosperity of the financial system, seize the opportunity to accelerate the development of the national economy. First, strengthen the country's financial regulation. A too open financial system will increase the risk of financial market. Necessary financial controls will improve the sensitivity of the government in the regulation of financial markets. Second, establish a sound monetary system. The alternately expanding and tightening credit of the banking system causes economic cyclical fluctuations. To avoid such fluctuations, it must improve the monetary system. Finally, before the arrival of the financial crisis, establish a sound financial protection barrier.


Several times of the financial crisis show that the bubble and the volatility of virtual economy led to the same features of the real economy. However, this cyclical performance is more obvious before and after the financial crisis and usually appears as the expansion and adjustment of financial development state, which is often overlooked. Clearly, macroeconomic policies are important causes of the financial cycles, and financial cycles reverse constraints to the development and implementation of economic and financial policies. In the economy of stressing the financial stability, only when the financial development state does not appear to ups and downs, the financial system can provide the national economy healthy a stable and sustainable development. The financial markets and financial instruments are an effective carrier and transfer medium of the macro-economic control policies. Even so, the financial cycle still exists objectively and the trend of the financial system functions continuously improving the depth and breadth will not change.