小额信贷机构能提高货币政策信用传导机制的有效性吗?——以农村经济为例  

Influence of Micro- credit Institutions on Monetary Policy Credit Transmission Mechanism Effect——A Case Study of Rural Economy

作　　者：张晶[1] 冯晶[2] 李霞[1] 

机构地区：[1]山东财经大学金融学院,山东济南250014 [2]南开大学经济学院,天津300071

出　　处：《山东财经大学学报》2015年第6期14-22,共9页Journal of Shandong University of Finance and Economics

基　　金：山东省博士基金"山东省小额信贷发展状况及其对全省货币政策效应的影响研究(BS2011SF008)";山东省社会科学规划重大委托项目"蓝色经济区金融产业集聚与区域经济发展研究(14AWJT01-5)"

摘　　要：信贷资金匮乏一直是制约我国农村经济发展的最大瓶颈,近些年为解决这一难题,小额信贷应运而生并迅速发展,其在影响农村经济个体行为的同时,也必然会通过对信用传导机制的作用影响到我国央行货币政策的实施效应,如果小额信贷运行不畅,则将导致我国货币政策效应削弱。从理论和实证两个角度对小额信贷机构在货币政策信用传导机制中的作用力度进行探讨。研究证实我国央行的货币政策能够通过小额信贷进行有效传导,各地金融办可通过对小额信贷机构的控制增强对农村经济的调控,进而促进农村经济的发展。Lack of credit capital has long been the biggest bottleneck restricting China rural economy development. In recent years micro credit came into being and is developing rapidly. Micro credit will inevitably affect the implementation effect of China central bank monetary policy while influencing individual behaviors in rural economy：poor operation of credit capital will weaken the effects of China monetary policy. The effect intensity of micro- credit institutions in monetary policy transmission mechanism is studied theoretically and empirically,and the results confirm that China central bank monetary policies can be effectively transmitted through micro credit,and that local finance offices can strengthen the regulation of rural economy by controlling micro- credit institutions so as to promote rural economy development.

关 键 词：小额信贷 农村经济 货币政策 信用传导 政策效应 

分 类 号：F820.4[经济管理—财政学]