交易成本与自发激励:对传统农业区民间借贷的调查

Transaction Cost and Direct Incentives:The Investigation of Informal Credit in Traditional Rural Regions

民间借贷作为一种古老的融资方式 ,在金融日益繁荣的今天 ,仍然具有顽强的生命力 ,这其中既有传统观念的影响 ,更受金融服务局限性的制约 ,根源还在于现行的制度安排。本文通过对当前民间借贷的调查 ,认为民间借贷的比较优势在于其相对于正规金融更低的交易成本和更直接的自发激励机制 ,并就规范民间借贷和改善金融服务提出了相应建议。

The co-existence of informal finance and formal finance is an interesting phenomenon in China's rural regions. This case study investigates unregulated financing activity in Liaocheng City, Shandong province, showing that lower transaction cost and direct incentives are the comparative advantages of informal finance. Some suggestions are put forward.