During the last three decades of the twentieth century, China had sought to reestablish its own financial system from the central-planed financial system. This paper takes financial liberalization, economic management and soft budget constraints in transition economies as objects of study, through analyzing one of the main characteristics of transition economies - soft budget constraint, urging that China should accelerate financial liberalization in order to defend its financial system from financial risks. China had been eager to establish incentive-compatibility mechanism but this should be revalued with sustainable development vision under the background of the global financial crisis.
Some unintended consequences of financial liberalization in Latin America are analyzed in this paper. Intrinsic imperfectious in financial markets, and the policy dilemmas they pose, are reviewed first. The stylized facts of Southern Cone experiments in financial liberization are then presented. Alternative ways of organlzing domestic capital markets under Latin American conditions are discussed, and an eclectic, reform mongering program is proposed.
Berzelius failed to make use of Faraday's electrochemical laws in his laborious determination of equivalent weights.