|
|
|
| Credit Reporting System,Legal Right Protection and Bank Credit |
| LONG Haiming, WANG Zhipeng
|
| College of Finance and Statistics, Hunan University |
|
|
|
|
Abstract This paper empirically analyzes the impact of the credit system and legal right protection on bank credit scale and credit risks based on the panel data across 102 countries from 2004 to 2012. The results show that the credit system and legal right protection can promote credit scale, which also have remarkable inhibiting effect on the credit risk. Comparing against credit reporting breadth, credit reporting depth can do better in the field of expanding credit scale and reducing credit risk. The mixed credit system of PCR and CB is a more reasonable and realistic choice. Legal protection expands the scale of credit while reducing the risk of credit,the coexistence with the credit system has a positive impact on the credit market.
|
|
Received: 09 September 2016
Published: 18 January 2018
|
|
|
|
|
| [1] |
陈梦根和牛华,2016,《购买力平价变动影响因素研究:国际视角》,《金融研究》第9期,第82~98页。
|
|
陈梦根和牛华,2016,《购买力平价变动影响因素研究:国际视角》,《金融研究》第9期,第82~98页。
|
| [2] |
耿德科和张旭昆,2011,《征信系统对银行不良贷款率的抑制作用》,《上海经济研究》第7期,第35~44页。
|
| [3] |
李麟和索彦峰,2009,《经济波动、不良贷款与银行业系统性风险》,《国际金融研究》第6期,第55~63页。
|
| [2] |
耿德科和张旭昆,2011,《征信系统对银行不良贷款率的抑制作用》,《上海经济研究》第7期,第35~44页。
|
| [4] |
龙海明、申泰旭和吉余道,2015,《信用信息共享对商业银行风险承担的影响分析》,《浙江金融》第4期,第41~47页。
|
| [3] |
李麟和索彦峰,2009,《经济波动、不良贷款与银行业系统性风险》,《国际金融研究》第6期,第55~63页。
|
| [5] |
马敏,2011,《我国信贷征信制度建立和发展的经济学分析》,《财经问题研究》第5期,第26~32页。
|
| [4] |
龙海明、申泰旭和吉余道,2015,《信用信息共享对商业银行风险承担的影响分析》,《浙江金融》第4期,第41~47页。
|
| [6] |
石晓军,2007,《巴西征信体系的三维分析及政策启示》,《学术研究》第5期,第50~56页。
|
| [5] |
马敏,2011,《我国信贷征信制度建立和发展的经济学分析》,《财经问题研究》第5期,第26~32页。
|
| [7] |
吴晶妹,2014,《2015展望:网络征信发展元年》,《征信》第12期,第1~4页。
|
| [6] |
石晓军,2007,《巴西征信体系的三维分析及政策启示》,《学术研究》第5期,第50~56页。
|
| [7] |
吴晶妹,2014,《2015展望:网络征信发展元年》,《征信》第12期,第1~4页。
|
| [8] |
吴晶妹,2015,《从信用的内涵与构成看大数据征信》,《首都师范大学学报(社会科学版)》第6期,第66~72页。
|
|
吴晶妹,2015,《从信用的内涵与构成看大数据征信》,《首都师范大学学报(社会科学版)》第6期,第66~72页。
|
| [9] |
吴培新,2008,《我国宏观调控中的货币供应量和信贷规模》,《经济学动态》第8期,第43~48页。
|
|
吴培新,2008,《我国宏观调控中的货币供应量和信贷规模》,《经济学动态》第8期,第43~48页。
|
| [10] |
张健华和王鹏,2012,《银行风险、贷款规模与法律保护水平》,《经济研究》第5期,第18~30页。
|
|
张健华和王鹏,2012,《银行风险、贷款规模与法律保护水平》,《经济研究》第5期,第18~30页。
|
| [11] |
中国人民银行征信中心与金融研究所联合课题组,2014,《互联网信贷、信用风险管理与征信》,《金融研究》第10期,第133~147页。
|
|
中国人民银行征信中心与金融研究所联合课题组,2014,《互联网信贷、信用风险管理与征信》,《金融研究》第10期,第133~147页。
|
| [12] |
Akerlof, G.A.1970.“The Market for ‘Lemons’:Quality Uncertainty and the Market Mechanism”.Quarterly Journal of Economics,84(3):488~500.
|
|
Akerlof, G.A.1970.“The Market for ‘Lemons’:Quality Uncertainty and the Market Mechanism”.Quarterly Journal of Economics,84(3):488~500.
|
| [13] |
Arellano, M.,and S.Bond.1991.“Some Test if Specification for Panel Data:Monte Carlo Evidence and Application to Employment Equations”.Review of Economic Studies,58(2): 277~297.
|
|
Arellano, M.,and S.Bond.1991.“Some Test if Specification for Panel Data:Monte Carlo Evidence and Application to Employment Equations”.Review of Economic Studies,58(2): 277~297.
|
| [14] |
Beck, T.,Demirgüc,-Kunt and R. Levine.2005.“Law and Firms’ Access to Finance”.General Information,7(1):211~252.
|
|
Beck, T.,Demirgüc,-Kunt and R. Levine.2005.“Law and Firms’ Access to Finance”.General Information,7(1):211~252.
|
| [15] |
Bennardo, A.,M. Pagano and S. Piccolo.2010.“Multiple-bank Lending,Creditor Rights and Information Sharing”.Review of Finance,19(2):519~570.
|
|
Bennardo, A.,M. Pagano and S. Piccolo.2010.“Multiple-bank Lending,Creditor Rights and Information Sharing”.Review of Finance,19(2):519~570.
|
| [16] |
Djankov, S.,C. McLiesh and A. Shleifer.2007.“Private Credit in 129 Countries”.Journal of Financial Economics,84(2):299~329.
|
|
Djankov, S.,C. McLiesh and A. Shleifer.2007.“Private Credit in 129 Countries”.Journal of Financial Economics,84(2):299~329.
|
| [17] |
Haselmann, R.,K. Pistor and V. Vig.2010.“How Law Affects Lending”.Review of Financial Studies, 23(2): 549~580.
|
|
Haselmann, R.,K. Pistor and V. Vig.2010.“How Law Affects Lending”.Review of Financial Studies, 23(2): 549~580.
|
| [18] |
Jappelli, T.,and M. Pagano.2000.“Information Sharing in Credit Markets: A survey”.Csef Working Papers,48(5): 1693~1718.
|
|
Jappelli, T.,and M. Pagano.2000.“Information Sharing in Credit Markets: A survey”.Csef Working Papers,48(5): 1693~1718.
|
| [19] |
Jappelli, T.,and M. Pagano.2002.“Information Sharing,Lending and Defaults: Cross-Country Evidence”.Journal of Banking & Finance,26(10):2017~2045.
|
|
Jappelli, T.,and M. Pagano.2002.“Information Sharing,Lending and Defaults: Cross-Country Evidence”.Journal of Banking & Finance,26(10):2017~2045.
|
| [20] |
Klein, D.B.1992.“Promise Making in the Great Society:A Model of Credit Information Sharing”. Economics & Politics,4(2):117~136.
|
|
Klein, D.B.1992.“Promise Making in the Great Society:A Model of Credit Information Sharing”. Economics & Politics,4(2):117~136.
|
| [21] |
Laeven, L.,and G. Majnoni.2005.“Does Judicial Efficiency Lower the Cost of Credit?”Journal of Banking and Finance,29(7):1791~1812.
|
|
Laeven, L.,and G. Majnoni.2005.“Does Judicial Efficiency Lower the Cost of Credit?”Journal of Banking and Finance,29(7):1791~1812.
|
| [22] |
Levine, R. 1999,“Law,Finance,and Economic Growth”.Journal of Financial Intermediation,8(1):8~35.
|
|
Levine, R. 1999,“Law,Finance,and Economic Growth”.Journal of Financial Intermediation,8(1):8~35.
|
| [23] |
Love, I.,and N. Mylenko.2003.“Credit Reporting and Financing Constraints”. World Bank Policy Research Working Paper No. 3142.
|
|
Love, I.,and N. Mylenko.2003.“Credit Reporting and Financing Constraints”. World Bank Policy Research Working Paper No. 3142.
|
| [24] |
Luoto, J.,C. McIntosh and B. Wydick.2007.“Credit Information Systems in Less-Developed Countries:A Test with Microfinance in Guatemala”.Economic Development & Cultural Change,55(2):313~334.
|
|
Luoto, J.,C. McIntosh and B. Wydick.2007.“Credit Information Systems in Less-Developed Countries:A Test with Microfinance in Guatemala”.Economic Development & Cultural Change,55(2):313~334.
|
| [25] |
Miller, M.2003.“Credit Reporting Systems and the International Economy”.Defusing Default Incentives & Institutions.
|
|
Miller, M.2003.“Credit Reporting Systems and the International Economy”.Defusing Default Incentives & Institutions.
|
| [26] |
Padilla, A.,and J.M. Pagano.2000.“Sharing Default Information as a Borrower Discipline Device”.European Economic Review,44(10):1951~1980.
|
|
Padilla, A.,and J.M. Pagano.2000.“Sharing Default Information as a Borrower Discipline Device”.European Economic Review,44(10):1951~1980.
|
| [27] |
Padilla, A.J.,and M. Pagano.1997.“Endogenous Communication among Lenders and Entrepreneurial Incentives”.The Review of Financial Studies,10(1):205~236.
|
|
Padilla, A.J.,and M. Pagano.1997.“Endogenous Communication among Lenders and Entrepreneurial Incentives”.The Review of Financial Studies,10(1):205~236.
|
| [28] |
Rafael, La Porta,Florencio Lopez-de-Silanes,Andrei Shleifer and Robert W. Vishny.1997. “Legal Determinants of External Finance”.The Journal of Finance,52(3):1131~1150.
|
|
Rafael, La Porta,Florencio Lopez-de-Silanes,Andrei Shleifer and Robert W. Vishny.1997. “Legal Determinants of External Finance”.The Journal of Finance,52(3):1131~1150.
|
| [29] |
Rafael, La Porta,Florencio Lopez-de-Silanes,Andrei Shleifer and Robert W. Vishny.1998.“Law and Finance”.Journal of Political Economy,106(6):1113~1155.
|
|
Rafael, La Porta,Florencio Lopez-de-Silanes,Andrei Shleifer and Robert W. Vishny.1998.“Law and Finance”.Journal of Political Economy,106(6):1113~1155.
|
| [30] |
Roodman, D.2009.“How to Do Xtabond2:An Introduction to Difference and System GMM in Stata”.The Stata Journal,9(1):88~136.
|
|
Roodman, D.2009.“How to Do Xtabond2:An Introduction to Difference and System GMM in Stata”.The Stata Journal,9(1):88~136.
|
|
|
|
