摘要
基于金融合约范式的微观分析框架,从交易属性、交易者特征和交易环境三个方面廓清“融资难”背后的理论逻辑,并将小微企业融资困境界定为金融机构无法以足够低的交易成本设计和运维相应的金融产品。在对当前政策进行评析的基础上,通过对若干战略性议题的讨论,提出了以完善金融营商环境为核心的金融供给侧结构性改革建议。
Basing on the micro-analysis framework of financial contract paradigm,this paper examines the theoretical logic behind“financing difficulties”from three aspects:transaction attributes,trader characteristics and trading environment.And this paper defines the financing difficulties of small and micro enterprises as that financial institutions cannot design and operate appropriate financial products with low transaction costs.Basing on the analysis of current policies and the discussion of some strategic issues,we put forward the idea of financial supply-side reform with the improvement of financial business environment as the core.
出处
《金融理论与实践》
北大核心
2020年第1期33-40,共8页
Financial Theory and Practice
关键词
小微企业
融资难
金融的合约范式
金融营商环境
small and micro enterprises
financing difficulty
financial contract paradigm
financial business environment
