金融研究
金融研究
금융연구
Journal of Financial Research
2012年
12期
165~177
,共null页
以存定贷 存贷比 中小企业信贷 流动性约束
以存定貸 存貸比 中小企業信貸 流動性約束
이존정대 존대비 중소기업신대 류동성약속
Loan based on deposit model, Loan -to -deposit ratio, SME credit, Liquidity constraints
“以存定贷”模式是当前中小企业信贷约束的体制性障碍。该模式割裂了货币与信贷市场，定向增强了中小企业放贷主体的流动性约束。进一步实证研究发现，当前以中小企业为主要服务对象的中小银行，其存贷比处于硬约束区间，且不存在实现最优信贷规模的均衡比例，这对中小银行的信贷能力产生明显抑制，提高中小企业信贷服务水平需要改革“以存定贷”模式。
“以存定貸”模式是噹前中小企業信貸約束的體製性障礙。該模式割裂瞭貨幣與信貸市場，定嚮增彊瞭中小企業放貸主體的流動性約束。進一步實證研究髮現，噹前以中小企業為主要服務對象的中小銀行，其存貸比處于硬約束區間，且不存在實現最優信貸規模的均衡比例，這對中小銀行的信貸能力產生明顯抑製，提高中小企業信貸服務水平需要改革“以存定貸”模式。
“이존정대”모식시당전중소기업신대약속적체제성장애。해모식할렬료화폐여신대시장，정향증강료중소기업방대주체적류동성약속。진일보실증연구발현，당전이중소기업위주요복무대상적중소은행，기존대비처우경약속구간，차불존재실현최우신대규모적균형비례，저대중소은행적신대능력산생명현억제，제고중소기업신대복무수평수요개혁“이존정대”모식。
Loan based on deposits mode is a systematic obstacle of credit constraints of small and medium - sized enterprises （SME）. The model separates the monetary and credit market, and enhances directionally the liquidity constraints of main lending body to SME. Further empirical research demonstrates that the loan - to - deposits ratio of small and medium- sized banks （SMB） is in hard constraint interval currently, and does not exist an optimal proportion. This situation makes an obvious inhibition to the credit capacity of SMB. Improving the credit capacity to SME needs to cancel the loan -to -deposits ratio restriction.
