公司金融中介理论综述

公司金融中介行为指公司销售商品,同时允许买者在未来的一个时期延期付款的经济现象。公司金融中介理论包含:金融优势论;降低交易成本论和质量保证论。公司金融中介行为的货币交易中介功能可能弱化货币政策的有效性。高度依赖于公司金融中介行为的国家存在较高的产出增长率,这主要来自于现存的企业增长,而不是公司数目的增长。次贷危机下公司金融中介存在放大和缩小危机机制。公司金融中介危机是次贷危机的衍生发展,为此,政府应该直接向相关公司提供信用担保。

The Review of Financial Intermediation Theory:What about the Sub-prime Mortgage Crisis in the Future

A financial intermediary company sells products which allow the buyer to repay in the next period.This paper reviews the theories of financial intermediation:including financial advantage theory,transaction cost reduction theory and quality guarantee theory.Company financial intermediaries' conduct may weaken the effect of monetarypolicy.The countries that are highly dependent on the behavior of financial intermediation growmore rapidly in output,which stems mainly from the growth of existing companies rath...