Kazakhstan, Closely adjacent to Xinjiang, China, is the neighbor China attaches great importance to and important partner. It is also one of the countries that respond positively to the “One Belt and One Road” initiative. In the course of the construction of “One Belt and One Road”, whether the cooperative countries along have a good financial system is a problem that cannot be ignored. According to the fragility, the complexity and nonlinearityof the financial system, based on the comprehensive analysis of the constituent elements of the financial system, the paper establishes the domestic economic system, financial system, foreign economic vulnerability evaluation system, using related quantitative recursive calculation of the catastrophe theory, and evaluates Kazakhstan and China's financial system and gets the financial system fragility coefficient to judge financial system vulnerability degree in China and Kazakhstan respectively. Finally, by comparingform and characteristics of financial fragility between two countries, it puts forward suggestions on how to promote the construction of the “One Belt and One Road”.
Peng Shengzhi
. A Comparative Study of Financial Fragility between China and Kazakhstan Based on Catastrophe Theory[J]. Finance & Economics of Xinjiang, 2016
, 0(6)
: 61
-71
.
DOI: 10.16716/j.cnki.65-1030/f.2016.06.008
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