Title :
Notice of Retraction
On normative development of folk credit in China
Author_Institution :
Coll. of Econ., Zhejiang Univ., Hangzhou, China
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
In China, the folk credit is an endogenous demand of the development of private economy, and also a kind of institutional innovation carried out by grassroots to reduce financial transaction costs in the process of economic development. The existence of this kind of financial activities has some rationality, but they are poorly standardized, and easy to disturb the normal order of financial competition. Therefore, it is necessary to advance folk financing to operate openly and organizationally, in order to more fully release the energy inherent in private finance, and promote the standard degree of local financial order and financial markets.
Keywords :
credit transactions; financial management; innovation management; privatisation; economic development; endogenous demand; financial activity; financial competition; financial markets; financial transaction costs; folk credit; folk financing; grassroots; institutional innovation; local financial order; normative development; private economy; private finance; standard degree; Economics; Finance; Government; Law; Standards organizations; folk credit; non-bank lenders; normative development; risks;
Conference_Titel :
Business Management and Electronic Information (BMEI), 2011 International Conference on
Conference_Location :
Guangzhou
Print_ISBN :
978-1-61284-108-3
DOI :
10.1109/ICBMEI.2011.5917982
