成本最小化与成本分担:中小金融机构市场退出的难点与方式选择

Cost Minimization and Cost Sharing: The Problem of Market Exit for Small-and-Medium Sized Financial Institutions

本文通过对内蒙古自治区赤峰市若干信用社市场退出进程及其后果所进行的个案分析,试图给出我国中小金融机构的市场退出的若干标准化事实,以及主要政策结论。本文认为:第一,成本最小化和成本分担是市场退出的首要原则;第二,考虑到我国目前主要实行的行政主导型市场退出安排,机构撤销严格优于机构合并;第三,从长期看,应考虑发展市场主导型市场退出。

This paper reviews the market exit arrangement of small-and-medium sized financial institutions through the case study on some credit cooperatives in Chifeng city, Inner Mongolia Autonomy. Firstly,the cost minimization and reasonable cost-sharing should be the Golden rule in the liquidation procedure.Secondly,given the authority-led market exit process,the closure is preferred to consolidation . Finally, in the long run, market-based liquidation should be introduced.