农村信用社改革中道德风险分析与规避

文章对农村信用社改革的总体思路进行了全面回顾,提出中央、地方和农村信用社之间的不完全合同以及由此产生的道德风险问题是影响当前农村金融制度运行低效率的重要因素,农村信用社道德风险发生机制比较复杂,表现更具隐蔽性,对制度的设计和执行具有更高的要求,规避农村信用社改革中道德风险应当成为提高制度运行效率的重要议题。

Moral Hazards Analysis and Evasion in the Reformof Rural Credit Cooperatives

This paper reviews the major ideas and institutional consequences of Rural Credit Cooperative reform in recent years.The major reason causing rural financial performance inefficiency is the incomplete contract between the central government,the local government and the rural credit cooperatives,as well as the subsequent moral hazards resulting from the incomplete contract.The mechanism fermenting such moral hazards among rural credit cooperative is more complicated and hidden,which calls for higher requirements in the design and implementation of systems.Evading moral hazards in rural credit cooperatives has been an important topic in improving their efficiency.