对当前农信社差别化准备金政策的探讨--以山东省为例

Discussion about Differentiate Policy to the Required Reserves Rate on Rural Credit Cooperatives——Based on the Case of Shandong Province

农信社与大型金融机构相比,在外部环境、市场竞争等方面处于劣势,我国对农信社一直实行着优惠的差别化准备金率。本文在客观分析当前农信社差别化准备金政策的最终目标及对农信社影响的基础上,按照静态和动态两种模式,运用自回归分布滞后模型对差别化准备金政策对农信社涉农贷款的激励效应进行了分析,并提出了改进农信社差别化准备金政策的建议。

As compared to the Rural Credit Cooperatives （RCCs） and the Large Financial Institutions （LFIs） in the external environment, such as a disadvantage in market competition, the Rural Credit Cooperatives （RCCs） has been to implement a preferential and differentiated rate of the Required Reserves Rate （RRRs）. Based on the analysis of the RRRs policy objective and effects to the RCCs, using the auto-regression distributed lag model, the paper studies the excitation effects of the differentiation RRRs policy to the RCCs under the presumption both of the static state and the dynamic state. Finally, the authors proposed some suggestions to improve the differentiation RRRs policy to the RCCs.