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《信貸配給及中小企業(yè)融資困境分析（credit rationing and analysis of financing difficulties for smes）》由會員上傳分享，免費在線閱讀，更多相關(guān)內(nèi)容在教育資源-天天文庫。
1、信貸配給及中小企業(yè)融資困境分析（CreditrationingandanalysisoffinancingdifficultiesforSMEs）In2011ninthThirty-twoInrecentyears,thecentralbankhasrepeatedlyintroducednewpoliciestoencouragefinancialinstitutionstobesmallandmediumCorporatefinanceprovidessupport,butthefinanci
2、ngdifficultiesofSMEshavenotchangedmuchGood.Especiallyafterthe2008financialcrisis,banksandotherfinancialinstitutionswereprofitableinlendingAndsecurityaremoreemphasisonthelatter,andforsafetyreasons,tendtoincreasewindresistanceFinancingoflargeenterprises
3、withgreaterabilitytorisk,thefinancingenvironmentforSMEsisdeteriorating.evenifPrivatecreditismoredevelopedinJiangsu,Zhejiang,duetothehighinterestcostsandlettersRestrictionsonthesizeofloans,SMEsfinancingisalsodifficult.I.financingdifficultiesforSMEsAcco
4、rdingtodatareleasedbythepeople'sBankofChina,asoftheendof2009,bankgoldFinancialinstitutionsloanbalanceof42trillionand560billion,anincreaseof10trillionand520billionoverthebeginningoftheyearAnincreaseof32.83%,arecordhigh.Amongthem,SMEloans10trillionand90
5、0billion,Yearonyeargrowthof13.5%,accountingforonly25.6%oftheannualloanbalance.Atthesametime,China'ssmallandmedium-sizedEnterpriseselffinancingratioiscloseto90%,externalfinancingonlyaccountsforabout10%;insmallandmedium-sizedenterprisesIntheoutsidefinan
6、cing,theshareofthebankexceeds70%,andthebankbecomesasmallandmedium-sizedenterpriseThemostimportantsourceofexternalfunding.[1]Therefore,thefocusofthispaperisthroughtheanalysisofbanksTheinformationgamebetweenthefinancialinstitutionsandSMEsseekstosolvethe
7、SMEfinanceDifficultpath.ClassicaleconomistsbelievethatlenderscanbeclearinthefullinformationmarketTounderstandtheborrower'screditstandingandthedegreeofriskoftheinvestmentproject.ByelasticityTheformulationofinterestrates,lenderscancontroltheborrower'sbe
8、havior,andultimatelyrealizethemostbenefitsTobalancethesupplyanddemandofthemarketandtheautomaticstabilizersofinterestratesMarketclearing.However,theexistenceofincompleteinformationcannotbeavoidedintherealworldBanksandsmallandmediumenterprisesof
