Fiscal decentralization is a crucial factor of the system of finance and tax.

财政分权是财税体制的关键。

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Therefore, the task facing the construction of the legal system of finance is arduous and complex.

为此，金融法制建设面临的任务艰巨而复杂。

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But the dramatic changes in the pecking order mask a lack of more profound change in the system of finance itself.

然而金融界等级中出现的重大变化却恰好说明，整个世界金融体系需要更深层次的改变。

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That's part of public finance--is learning how to modify the tax system so that it works pretty well.

公共财政学的一个课题就是,研究如何改进税收制度，使其更有效。

耶鲁公开课 - 金融市场课程节选

But the dramatic changes in the pecking order mask a lack of more profound change in the system of finance itself.

ECONOMIST: The financial industry

In a market-based system of finance, the risk of losing your money is not an avoidable nuisance but a fundamental requirement.

ECONOMIST: Kill or cure?

If we'd once again leave the economy alone, non-traditional forms of finance would continue to grow, traditional banks would continue to decline in relevance, and our system of finance would be much healthier.

FORBES