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[1] 本文获益于与Robert Cull和Asli Demirgü-Kunt的讨论，以及2011年6月17日在美国华盛顿举行的世界银行金融结构会议上的讨论。
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徐立新是世界银行发展研究小组首席经济学家。
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[2] 本章改编自作者2011年7月在北京举行的国际经济学会第16届全球大会上发表的论文。
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[3] 技术创新风险是指与新产品开发过程相关的风险，产品创新风险是指新产品能否被市场所接纳的风险。
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[4] 同时依然存在数量众多的小银行在向非贸易品领域的劳动密集型小企业提供金融服务。
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[5] 以下四段内容大量摘自Lin，Sun and Jiang（2011），也可参见文后。
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[6] 参见Lin（2009）关于发展战略及其对金融制度发展影响的详细讨论。
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