农村金融的新范式:金融联结——比较优势与市场微观结构
财经研究 2013 年 第 39 卷第 05 期, 页码:113 - 123
摘要
参考文献
摘要
文章从正规与非正规金融机构的比较优势、农村信贷市场微观结构分析了金融联结的机理,并建立产量(贷款)领导的斯塔克伯格模型,推导理论假说和进行实证检验。理论研究和实证分析表明,非正规金融机构在信息甄别、监督、合约执行和交易成本等方面的比较优势是金融联结的正向激励,农村市场内生的低固定成本和市场势力促进了金融联结;正规金融机构因处理系统性风险而产生的低成本是其参与金融联结的主要优势。
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[3]马九杰,沈杰.中小企业融资中抵押品替代机制研究——以互助性信用担保机构为例[J].经济体制改革,2010,(5):123-128.
[4]滕昊,何广文.社区发展基金与农村信用社联结机制研究[J].农业经济问题,2009,(4):80-85.
[5]武翔宇.我国农村金融联结制度的设计[J].金融研究,2008,(8):156-165.
[6]王元.信息处理、博弈参与和农村金融服务中介[J].金融研究,2006,(10):162-169.
[7]汪时珍.农村信贷失衡、非正式信贷市场与垂直联结[J].经济社会体制比较,2006,(50):121-124.
[8]Bose P.Formal-informal sector interaction in rural credit markets[J].Journal of Development Economics,1998,56(2):265-280.
[9]Chaudhuri S.Interaction of formal and informal credit markets in backward agriculture:A theoretical analysis[J].Indian Economic Review,2001,36(2):411-428...
[10]Floro M S,Ray D.Vertical links between formal and informal financial institutions[J].Review of Development Economics,1997,1(1):34-56.
[11]Fuentes G A.The use of village agents in rural credit delivery[J].The Journal of De-velopment Studies,1996,33(2):188-209.
[12]Hoff K,Stiglitz J E.Imperfect information and rural credit markets:Puzzles and poli-cy perspectives[J].World Bank Economic Review,1990,4(3):235-250.
[13]Hoff K,Stiglitz J E.Moneylenders and bankers:Price-increasing subsidies in a mo-nopolistically competitive market[J].Journal of Development Economics,1998,55(2):485-518.
[14]Pagura M,Kirsten M.Formal-informal financial linkages:Lessons from developingcountries[J].Small Enterprise Development,2006,17(1):16-29.
[15]Pankaj K,Ramesh G.Bank penetration and SHG-Bank linkage programme:A critique[R].Reserve Bank of India Occasional Paper,2009,(3):119-138.
引用本文
米运生, 戴文浪, 董丽. 农村金融的新范式:金融联结——比较优势与市场微观结构[J]. 财经研究, 2013, 39(5): 113–123.
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