Author(s): Xie Ping, Director, Research Bureau, People's Bank of China. E-mail: pingx@public.bta.net.cn.
Pages: 47-50
Year: 2003 Issue:  3
Journal: China & World Economy
Abstract: <正> Ⅰ. Transparency and Truthfulness: Theoretical BackgroundAccording to information restriction theory devel-oped by Stiglitz, the 2001 Nobel Prize winner ofeconomics, transparency can raise market efficiencyand reduce trading cost.The past economics theory