Informal lending amongst friends and relatives: Can microcredit compete in rural China?

This paper explores the relationship between informal and formal lending in China with consideration of how the strength of informal lending might affect microcredit. Lending relationships involving trust are investigated using original survey data from over 1500 farm households. Econometric results confirm a relationship between trust and informal lending, and mistrust and formal lending. With over 67% of farm households borrowing from friends and relatives the economic significance between this form of informal lending and borrowing from Rural Credit Cooperatives and Micro Finance Institutions cannot be overlooked.     

中西部地区农户风险应对策略研究——基于山西和四川100个样本调查

文章在观察100户农户的风险应对行为的基础上,把农户视为一个研究主体,通过对农户进行问卷调查和深度访谈,介绍其遭遇风险的种类和损失程度,以及农户应对各种风险的策略,并对其中亲友间的相互借贷进行了实证分析。     

公益小额信贷帮助妇女脱贫解困——赤峰昭乌达妇女可持续发展协会小额信贷扶贫与妇女发展项目

公益小额信贷是解决经济不发达地区社会问题的途径之一,但是资金来源、还款率以及项目的可持续性一直是发展公益小额信贷的难题。赤峰市昭乌达妇女可持续发展协会经过十余年的实践摸索,已经成功的形成了一套行之有效的工作制度,既保证了自身的可持续发展,又有效的提高了当地贫困妇女的经济收入和社会地位。协会科学的组织架构、有效的机制创新及完备的工作制度都值得予以吸收和借鉴,以应对我国公益小额信贷机构目前所面临的困境。     

关于我国农村小额信贷发展的探讨

本文从回顾中国农村小额信贷的发展历程出发,通过分析其发展中取得的成果和面临的主要问题,提出了推进我国农村小额信贷可持续发展的相关建议。     

对于我国农户小额信贷问题的探讨

农户小额信贷被引进中国,其目的是解决中国的贫困人口问题,增加贫困人口的收入。大力推广农户小额信贷是促进农村经济发展的需要,但是在其推广过程中,由于多种原因致使农户小额信贷发放存在诸多问题。本论文针对这些问题逐条提出解决方案,尽一切努力减少农户小额信贷潜在的风险。     

打造企业的“诺亚方舟”——企业危机识别与预防对策研究

现代社会,任何企业在生产经营过程中都难免会遭遇危机,并且无论哪种危机发生,都有可能给企业带来致命的打击。因此,对企业来说,危机管理已迫在眉睫。危机管理的重点在于识别和预防危机。危机识别是通过对企业的“体检”,将所有可能对企业生产经营活动造成麻烦的危机一一列举出来,并确认这些危机的性质;危机预防则是学习诺亚造方舟,为可能出现的各种危机作好准备,做好预案,从而自如地应对危机。     

创新国有商业银行信贷管理

国有商业银行近年来更加突出的信贷集中隐藏着危险,实证研究表明,国有商业银行大额信贷风险高,长期效益低,并且容易导致银行内外勾结诈骗贷款。小额信贷不仅为银行带来丰厚的利润,而且促进中小企业发展和社会和谐。国有商业银行的信贷管理,应变大额集中投放为小额分散投放,变集体审批无人负责为个人审批个人负责,并且设置适当的个人审批贷款的最大累计余额和个人借款的最大累计余额。     

我国商业银行住房抵押贷款风险成因与对策研究

个人住房抵押贷款一直被国内外研究和实践公认为商业银行的优质资产,近年来,这一业务在我国获得了快速稳定增长,住房抵押贷款余额占各项贷款的余额的比重也越来越高。但是,由于我国金融体制不健全,个人住房抵押贷款存在商业银行房贷风险控制意识薄弱、房价虚高、银行间恶性竞争等问题,对此,政府部门应加强调控和监管,商业银行应建立住房抵押贷款担保、保险机制,推行抵押贷款证券化。以保证我国商业银行经营稳健。     

中国与日本银行不良贷款生成机制分析

据国际货币基金组织统计，银行不良贷款是银行危机的主要原因。政府为银行提供的隐性担保、信息不对称与不完美、信用基础薄弱、部分企业比较优势的丧失等是中国银行不良贷款产生的机制；房地产价格暴跌、金融机构在较大程度上依靠政府的扶植和保护、泡沫经济的破灭、企业倒闭破产、经济增长速度的降低等是日本银行不良贷款产生的机制。     

湘北地区农户民间借贷的调查与分析

不同经济发展水平地区农户民间借贷的特征不同,文章在对湖南省华容县和安乡县的农户进行抽样调查的基础上,分析了湘北传统农区农户民间借贷的现状与特征,并提出相应的对策建议。     

中日两国政府对国际金融危机的对策效应研究

为应对2008年由美国次贷危机引发的世界性金融危机,中日两国政府采取了一系列刺激性政策措施。通过对政策的具体分析并利用潜在变量——危机强度,研究刺激政策对金融危机和宏观经济的效果,结果得出,中日两国均采取了积极的财政政策和适度宽松的货币政策。两国政府采取的经济刺激政策对应对金融危机均有所成效,危机强度的走势日本比中国更理想,中国的危机强度比较随机。中日两国的经济刺激政策都改善了GDP、就业、通货膨胀、贸易差额等主要宏观经济指标,但在中国出现了通货膨胀,在日本产生了经济衰退和通货紧缩等问题。     

关于民间融资的理性思考

目前,民间融资日趋活跃,已经成为一种普遍存在的经济现象。它在发挥推动经济发展、优化资源配置、补充正规金融机构等正面效应的同时,也带来了引发道德风险、干扰金融秩序、削弱宏观调控等方面的负面效应。本文在对民间融资做出理性思考之后,提出了引导民间融资健康发展的可行性建议。     

信心在金融危机中作用的思考

市场信心对金融动荡或危机的影响是明显而微妙的,因而恢复和树立市场信心,对实现经济社会的健康平稳发展尤为重要。通过研究认为,要正确处理好实体经济与虚拟经济的关系;强化对金融的审慎监管,建立危机预警机制;保持信息渠道畅通透明,防止谣言动摇市场信心;公信力部门及时发布信息,稳定市场信心;利用最后贷款人,化解危机稳定信心;促进法制建设,提高市场违规成本,才能树立市场信心,稳定市场情绪,有助于缓解或化解金融动荡或危机。     

美国金融危机影响下的东南亚经济

美国的次贷危机不仅引起自身金融系统问题的暴露,也引发了一场全球性的金融危机。以外向型经济为主的东南亚国家能否抵挡这样的冲击,东南亚的经济会受什么影响。东南亚金融危机是否会再次发生,本文从美国金融危机的普遍性影响到东南亚经济的具体特点作了分析,探讨了美国金融危机与东南亚经济的关系。     

How much informal credit lending responded to monetary policy in China? The case of Wenzhou

This study investigates empirically what the major factors are which have driven Wenzhou's informal credit market and how much that market is responsive to monetary policies and the formal banking conditions nationwide. A number of relatively stable factors have been identified from this volatile market through a careful exploration of a monthly survey data set for the period of 2003–2011. The main findings are: (i) Wenzhou's informal credit lending rates are highly receptive to monetary policies; (ii) Wenzhou's market is dominantly demand driven; (iii) Wenzhou's informal lending is substitutive to bank savings in the short run but complementary to banking lending in the long run; and (iv) Wenzhou's market is complementary to excessive investments in the local real estate market.     

Does productive microcredit improve rural children's education? Evidence from rural Vietnam

Whether increasing access to microcredit results in better educational outcomes for children’s education in rural areas remains an important but inconclusive topic in development literature. This paper contributes to this strand of research both theoretically and empirically. We develop a theoretical model where a representative household uses microcredit to fund its family business and maximises its lifetime utility. Based on the outcomes of its business, the parents make an optimal decision on the level of their children’s schooling investment. Solving the maximisation problem, we show that a household’s optimal education for its children is directly related to the level of microcredit. Empirically, we utilise the Vietnam Access to Resources Household Survey (VARHS) dataset from 2008 to 2016 to estimate the impact of microcredit on rural children’s schooling. We find that microcredit borrowing by rural households negatively affects their children’s education, which is more profound for boys than girls. Policymakers need to be aware of such side effects in designing microcredit policy and adopt auxiliary measures, such as incorporating a clause on children's education in the borrowing terms, to alleviate the negative impact on children’s educational outcomes.