Study on Credit-rationing and Reform of Rural Areas in China
The asymmetric information leads adverse selection and moral hazard in rural credit market. Credit market failure caused by rural creditrationing has restricted the development of the rural economy in China. There are many reasons of credit-rationing in rural areas. Features of peasant household and deletion of risk-compensation mechanism also causes credit-rationing to a certain extent. The monopoly of rural credit market strengthens the asymmetric information and creditrationing greatly. Reform of the financial system and restructuring of the rural financial policy are very important for how to relieve the creditrationing in China.
rural area credit markets creditrationing
ZHANG Jianbo RONG Shulin
School of Business, Shandong University, Weihai, China, 264209
国际会议
大连
英文
506-510
2012-07-07（万方平台首次上网日期，不代表论文的发表时间）