我国农村民间金融高利率解释:一个交易成本的视角

我国是正规金融与民间金融共存的二元金融格局。农村民间金融利率高于正规金融利率是不争的事实。为了解释这个市场配置之谜,文章从交易成本的视角分析认为,我国农村正规金融对农村民间金融高利率水平影响深远,而且正是搜寻成本、谈判成本和监督执行成本高昂推高了农村民间金融利率,并在此基础上,提出有效降低这些交易成本的建议。

Explanation of High Interest Rate of Rural Informal Financing:Perspective of Transaction Cost

In China exists dual financial structure, which consists of formal financing and informal financing. It is a fact that interest rate of rural informal financing is higher than that of formal financing. In order to solve above-mentioned puzzle of market allocation, the author makes a deep analysis from a perspective of transaction cost and holds the idea that formal financing in rural China has a profound influence on high interest rate of informal financing and negotiation cost, supervision cost and other factors push up interest rate of rural informal financing. Based on this analysis, the author puts forward some suggestions to reduce these transaction costs effectively.