Management of Individual Financial Risk

摘要：

　　This paper discusses the management of credit markets with imperfect information which leads to financial risk,and then I observe that: access to credit is especially restricted for the poor,owing to their inability to provide collateral.Collateral reduces both default risk and lender exposure in the event of default.Finally,I analyze the “Credit Rationing System.As for policy implications,macroeconomic stabilization policies often ignore the consequences of raising interest rates on default risks in times of financial crises.Accordingly they may be ineffective or even counterproductive in attracting investors and restoring financial stability.The models also illustrate the possible perils of large infusions of subsidized credit by the public sector.

关键词： credit system disequilibrium rationing system asymmetric information

作者: YANG Jing

作者单位: School of Economics,Shandong Youth University of Political Science,Jinan,China,250103

会议类型: 国际会议

会议名称: the 5th (2013)International Conference on Financial Risk and Corporate Finance Management(第五届(2013)金融风险与公司金融国际研讨会)

会议地点: 大连

会议语种:英文

页码: 344-347

在线出版日期: 2013-06-29（万方平台首次上网日期，不代表论文的发表时间）