研究中国经济信用问题的一种思路——从现代契约理论角度进行的思考

从现代契约理论的角度分析了中国的经济信用问题,认为造成中国经济信用秩序紊乱的最根本的原因在于经济转轨时期产权不明晰导致的资金借贷契约非市场化,提出改善中国经济信用问题的最根本的措施在于培育资金借贷活动的市场主体,在此基础上,讨论了由于信息不对称引起的资金借贷活动中的逆向选择和道德风险问题,认为解决问题的思路应是建立和规范化运做信用中介机构,完善经济信用法规.

An Analysis of China's Credit Disorder from the Perspective of Modern Contractual Theory

This paper analyzes China's present credit disorder from the perspective of the modern contractual theory. The authors hold that the main reasons for China's economic credit disorder are the unclear property rights of China's state-owned banks and enterprises during the economic transition period thus leading to the non marketing of the loan contracts of funds. The papers points out that the most fundamental measures to better the issue of the economic credit in China lies in the development of the main market body of loan activities of funds. Based on the above, the paper deals with the problem of ethic risk and adverse selection in the loan activities of funds caused by the asymmetry of information. And the idea of its solution, involving the establishment and standardized operation of the intermediary organizations and the perfection of economic credit laws and regulations, is presented.