【作者】 胡运锋；

【导师】 江春；

【作者基本信息】 武汉大学 ， 金融学， 2005， 硕士

【摘要】 民间金融是指不受官方监管的各种投资和资金借贷活动。从现实情况来看,民间金融的存在弥补了正规金融的某些不足,在缓解中小企业融资难、支持地方经济发展、提升金融体系效率、完善地方信用体系等方面发挥了重要作用。从理论研究情况看,学术界对我国民间金融的研究还不够深入,部分学者对民间金融还存在着一定的偏见,这种局面不利于我国民间金融的良性发展。本文旨在通过对我国民间金融进行一个比较系统的研究,为国内更好的政策制定提供借鉴。 本文首先从需求、供给和文化的角度剖析了民间金融在我国的产生和发展的原因。接着,本文依次介绍了我国民间金融的资金规模、不同形式、契约特点和资金用途等,以此勾勒出我国民间金融发展的基本情况。鉴于利率是研究民间金融的一个关键变量,本文专门对其进行了实证分析,并就实证得出的两个重要结论给出了相应的经济学解释。随后,本文通过统计和制度分析对民间金融在我国经济发展中的积极作用进行了深入探讨,同时也指出了民间金融存在的一些负面影响。有鉴于此,政府对待民间金融既不可放任自流,也不能一味限制打击,而应当“疏堵”结合、促其规范。所谓“疏”,就是规范民间金融的发展,引导民间金融有利于经济发展的一面,建立各种相关的法律法规,为民间金融构筑一个合法的活动平台;“堵”就是堵住民间金融的负面作用,通过各种措施,加大正规金融对中小企业和三农经济的贷款支持力度,增加支农贷款的投入,加大打击高利贷和社会黑势力力度。更多还原

【Abstract】 Informal finance refers to various kinds of investment and fund debt-credit activities not supervised by the government. According to Chinese reality, informal finance has become an important supplement of formal finance, and played a significant role in alleviating mall and medium-sized enterprises’ financing problem, supporting the development of local economy, promoting financial system efficiency, perfecting local credit system, etc. It is a pity to find that domestic scholars haven’t done deep research on informal finance, some scholars still have certain prejudice to informal finance, this kind of situation is unfavorable to the benign development of the informal finance of our country. This paper aims at making some contribution to better policy making by carrying on a systematic research to informal finance in China.This paper has at first analyzed the reason of the emergence and development of informal finance of our country in terms of demand, supply and culture. Then, the author has introduced scale of fund, multi-form, contractual feature and fund use of informal finance of our country sequentially, so as to sketch the contours of the basic situation of our country’s informal financial development. Seeing that interest rate a key variable in informal finance research, the author carries on an empirical study on it specially, and provide corresponding economics to explain on two important conclusions that the empirical study draw. Afterwards, through the statistical and institutional analysis, the author carries on a deep discussion to the positive role of informal finance in our country’s economic development; it has pointed out its some negative effects existing at the same time. In view of this, the author argues that government can’t let drift while treating the informal finance, can’t exercise restraint in attacking simply either, and should " dredge and stop up " and combine, urge its norm. What is called " dredging", but standardize the development of informal finance, lead the informal finance to be favorable to our country’s economic development, set up various kinds of relevant laws and regulations, construct a legal activity platform for the informal finance; " stopping up" is stopping up the negativefunction of informal finance through various kinds of measures, strengthen the loan supporting dynamics to small and medium-sized enterprises and agricultural economy of the formal finance, increase input to the loan for agriculture , devote more efforts to attacking usury and the social criminal syndicate.更多还原