中国农村金融市场中非价格信贷配给的理论和实证分析

发布时间：2018-05-23 06:35

本文选题：非价格信贷配给 + 信贷合约　；参考：《金融研究》2011年07期

【摘要】：本文建立农村金融市场中非价格信贷配给的理论分析框架,基于特殊设计的直接诱导式询问方法,对农户面临的非价格信贷配给机制进行调查和识别,并实证分析影响非价格信贷配给机制的因素。研究发现,农村利率市场化改革以来,农村金融机构并没有将灵活的利率差异化管理作为弥补潜在贷款损失的手段。当前农村金融市场中多种类型的非价格信贷配给机制并存,农村金融机构的信贷合约特征和放贷行为偏好使得一部分农户被配给出信贷市场,一部分农户主动退出信贷市场。农村金融机构倾向于与农村地区少数生产规模较大、具有稳定收入和身份特征的农户建立稳定的、以重复放贷为基础的信贷供给机制,不具备这些特征的农户将面临配给,这与利率管制时期的放贷行为并无本质差异。未来须调整仅仅以增加农村金融供给解决融资难题的改革思路,深入到市场结构、信贷合约和产品创新以及包括公司治理、风险甄别和内部管理机制在内的农村金融机构治理机制等微观层面的改革。
[Abstract]:In this paper, the theoretical analysis framework of non-price credit rationing in rural financial market is established. Based on the specially designed direct induced inquiry method, the non-price credit rationing mechanism faced by farmers is investigated and identified. And empirical analysis of the impact of non-price credit rationing mechanism factors. It is found that since the reform of market-oriented interest rate in rural areas, rural financial institutions have not used flexible interest rate differentiation management as a means to compensate for potential loan losses. At present, various types of non-price credit rationing mechanisms coexist in rural financial markets. The credit contract characteristics and lending behavior preferences of rural financial institutions make some farmers are allocated to the credit market, and some farmers withdraw from the credit market voluntarily. Rural financial institutions tend to establish a stable credit supply mechanism based on repeated lending with a small number of farmers in rural areas with larger production scale and stable income and identity characteristics. Farmers who do not possess these characteristics will face rationing. This is not fundamentally different from lending during interest rate controls. In the future, we need to adjust the reform ideas that solve financing problems only by increasing the supply of rural finance, and go deep into the market structure, credit contracts and product innovation, as well as corporate governance. Risk screening and internal management mechanism of rural financial institutions governance mechanism and other micro-level reform.
【作者单位】：武汉大学经济发展研究中心;武汉大学经济与管理学院;
【基金】：教育部人文社科重点研究基地重大项目(2009JJD790032) 中国博士后基金(20100480872)资助
【分类号】：F832.4

【相似文献】