Good financial system is important to economic growth

Henan Daily client reporter Wang Yinan

"A good financial system is essential for sustainable and stable economic growth." On September 6, at the 2022 China (Zhengzhou) International Futures Forum, Robert Melon, the winner of the Nobel Prize in Economics, was making " When using financial science and derivatives to cope with global challenges -retrospective and prospects, in the keynote speech, in the future, finance will continue to play a key role in promoting economic growth and maintaining social stability in the future.

In Robert Merton, financial innovation has driven the improvement of the financial system, while financial, technological and economic demand drives financial innovation. The crisis can hinder or even reverse financial innovation, but the crisis may also bred financial innovation, thereby promoting the persistence of the financial system.

Robert Melton believes that financial derivatives are the cornerstone of the modern financial system. He said: "In order to cope with the" stagnation "risk of the 1970s and 1980s, the outbreak and acceleration of financial innovation, such as exchanges of listed options, electronic stock exchanges, etc. Although it is to cope with the risks at that time, But for decades, these innovation practices have been playing an important role and bringing us social dividends. Therefore, we have seen the importance of a good financial system. "

Robert Molton also pointed out that no financial institution can operate normally with the help of no derivative contracts and the help of financial science quantitative models. Finance will continue to play a key role in promoting economic growth and maintaining social stability.

"By using financial science and derivative markets, and the current price of derivatives, it can better predict risk and uncertainty." Robert Melton said that if we can better predict the risks of the future, we can truly truly can truly predict the risks of the future. Improve risk management.

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