非正规金融与正规金融:互补还是替代?——基于DSGE模型的相互作用机制研究
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财经研究 2012 年 第 38 卷第 07 期, 页码：122 - 133
摘要
参考文献
摘要
文章通过建立四部门动态随机一般均衡模型,分析了二元金融体系下正规金融与非正规金融部门之间的作用机制,并对模型进行数值模拟。研究发现,在居民消费偏好冲击和技术冲击两种情况下,正规金融与非正规金融部门之间主要是互补关系,表现为两部门贷款利率和贷款规模的同向变动;而在货币政策冲击下,两部门短期内呈现相互替代的关系。
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[2]姚耀军.非正规金融发展的区域差异及其经济增长效应[J].财经研究,2009,(12):129-139.
[3]赵晓菊,刘莉亚,柳永明.正规金融与非正规金融合作会提高农户期望收益吗?——理论分析和实证检验[J].财经研究,2011,(4):4-14.
[4]朱信凯,刘刚.二元金融体制与农户消费信贷选择——对合会的解释与分析[J].经济研究,2009,(2):43-55.
[5]Ayyagari M,Demirgü-Kunt A,Maksimovic V.Formal versus informal finance:Evi-dence from China[J].Review of Financial Studies,2010,(8):3048-3097.
[6]Bell C.Interactions between institutional and informal credit agencies in rural India[J].World Bank Economic Review,1990,(3):297-327.
[7]Dasgupta B.Capital accumulation in the presence of informal credit contracts:Does theincentive mechanism work better than credit rationing under asymmetric information?[R].Economics Working Papers,2004.
[8]Dell’Ariccia G,Marquez R.Information and bank credit allocation[J].Journal of Finan-cial Economics,2004,(1):185-214.
[9]Hoff K,Stiglitz J E.Moneylenders and bankers:Price-increasing subsidies in a monopo-listically competitive market[J].Journal of Development Economics,1998,(2):485-518.
引用本文
崔百胜. 非正规金融与正规金融:互补还是替代?——基于DSGE模型的相互作用机制研究[J]. 财经研究, 2012, 38(7): 122–133.
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