摘要
本文应用补贴依赖指数(SDI)对江苏省两个县信用联社在1999年2001年期间的SDI进行了计算。我们发现在不计算或忽略历史上形成的不良贷款(定义为1998年年底时的不良贷款)及其影响的情况下,两个县联社至2001年均可实现可持续经营(即无须补贴)。假如不良贷款的历史包袱在三年中平均分摊,苏南的县联社依然可获得可持续经营,而苏北的县联社则须将贷款利率提高53％才能抵消获得的补贴的作用。本文采用的方法在评价我国农村信用社经营中的利率政策和测定单个农村信用社的经营业绩方面有重要意义。
Using subsidy dependence index (SDI) invented by Jacob Yaron of the World Bank, in this paper we calculated SDI for two county RCC unions in Jiangsu Province over a period of 1999, 2000 and 2001. We found that both two county RCC unions achieved operational sustainability (subsidy free) while the effects of historical non-performing loans (defined as the non-performing loans at the end of 1998) are isolated and removed. On the assumption that the burden of the historical non-performing loans be shared equally over last three years, the southern county union achieved operational sustainability while the lending rate in the northern county needs to increase by 53 per cent to remove the subsidies received. The methods employed in this paper has important policy implications for assessing the public interest of RCC operations in China and for measuring the financial performance of individual RCCs in China.
出处
《金融研究》
CSSCI
北大核心
2003年第3期98-104,共7页
Journal of Financial Research
基金
福特基金会资助的研究项目的部分成果
