【摘要】 经济学家研究指出,信息不对称性引起的逆向选择和道德危害使得信贷市场呈现出不完全性。当信贷市场中的资金需求方是中小企业时,信贷市场的不完全性表现得更为突出。文章从理论上证明,在满足一定的条件下,信用担保制度可以有效地缓解信息不对称性,并就信用担保制度更好地提高信贷市场的绩效而给出解决方案。更多还原

【Abstract】 Economists maintain that Credit Markets are imperfect due to the existence of adverse selection and moral hazard caused by asymmetric information, and credit market failures will become more serious while potential borrowers are SMEs (Small and Medium Sized Enterprises). This paper formalizes the idea that a wellstructured CGIs (Credit Guarantee Institutions) can alleviate effectively the asymmetric information under some conditions and proves it in theory. Moreover, there are some solutions to improve credit market performance under CGIs provided in the end of this paper.更多还原