A cause for policy concern: the expansion of household credit in middle-income economies

This article discusses the significance of the recent growth in household credit across a range of middle-income economies. This growth is understood primarily as a result of policy, including the promotion of individual borrowing as a means to fund access to housing, education and health. A formal model of credit extension and allocation is developed, establishing that consumption lending makes a comparatively stronger contribution to aggregate profitability as well as financial fragility than production lending. Consumption lending may be understood to create distinctive endogenous tendencies to credit-market instability. The findings point to the need for a critical reconsideration of reliance on this lending for social and macroeconomic policy.     

信息化对安徽农村全面小康社会建设影响分析

党的十六大提出了全面建设小康社会的战略目标，全面小康社会建设的重点和难点在农村，信息化对全面建设小康社会有重要的促进作用本文在界定信息化和农村全面小康社会内涵的基础上，分析了信息化对农村全面小康社会建设的影响路径，揭示了目前安徽在推进农村全面建设小康社会建设过程中信息化建设方面所存在的问题，提出了加快信息化进程促进安徽农村全面小康社会建设的对策建议。