民间金融利率形成机制文献综述

Literature Review of Informal Finance Interest Rate Formation Mechanism

民间金融在支持经济发展上发挥了很多正规金融无法替代的作用,而利率作为民间金融市场"无形的手",调配着民间金融市场的资源,是民间金融的核心。通过对文献的梳理归纳可知,对民间金融利率影响的最终解释,都可以归类为供给与需求两方面。对民间金融市场无论是客观还是主观的影响,最终都是反映到供给与需求上,供给与需求的相互作用决定着民间金融利率的高低。对民间金融利率形成机制的研究进行梳理,了解民间金融利率形成机制,对民间金融市场的健康发展具有重要意义。

Informal finance in supporting the economic development plays a loi role that formal financial can＇ t replace, and interest rate as invisible hand of informal financial market allocates the resources in informal financial markets, which is the core of informal finance. The impact on financial interest rates can be summed up in two aspects of supply and demand at last by combing and summarizing the literature. The both ob- jective and subjective influence factors to the informal finance market ultimately reflected in the supply and demand, the interaction of supply and demand determines the informal financial interest rates which is high or low. Through combing the study of formation mechanism of informal financial interest rate, and understand formation mechanism of informal financial interest rate, are great significance for the healthy development of informal financial market.