The Butterfly Effect on the Agricultural Bank System at the Grass-Roots Level

• Main Authors: Xu QINXIAN, Zhang JIAN
• Format: Article
• Language: English
• Published: Dunarea de Jos University of Galati 2009-01-01
• Series: Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics
• Subjects: the butterfly effect; the chaos; the Duffing-Holmes model; the agricultural bank system at the grass-roots level
• Online Access: http://www.ann.ugal.ro/eco/Doc2009/XUQuinxian_ZhangJian.pdf
• ISSN: 1584-0409

The competition power of the Agricultural Bank of China has beendropping down for several years. The reason is that banks at the grass-rootslevel don’t think much of managing the subtle links. The paper uses the theoryof butterfly effect in Chaos for reference to discusses the risks existed in theAgricultural Bank of China at the grass-roots level such as the credit risk, theincomplete internal control, the loose accounting system, the disorder marketcompetitiveness, the brain drain, the weak service consciousness, the financialinnovation lag and the unbalanced development. Finally eight pieces of adviceare brought forward as the measures against the eight butterfly effects.