摘要
本文利用从民间文书整理的数据,结合近代中国农村借贷的具体制度,研究了交易成本、信息、习俗、契约执行能力等因素对借贷市场的影响。研究显示,引入交易成本的竞争性市场假说对于近代农贷的特征具有很强的解释力,尤其在对"高利贷"和习俗利率的解释上,它比传统的假说更能与史料吻合。同时,基于社区人际关系的借贷配给也不可忽视,它反映了传统借贷市场在契约执行方面所面临的制度局限。
Using data collected from raw documents, this paper researches the effect of transaction costs, information, customs, contract enforcement and other factors on the rural credit market of modern China, based on its specific institutions. It＇ s shown that the hypothesis of competitive market with transaction costs can explain the characters of modern credit well. Especially for the explanation of usury and customary rate, it fits material better than traditional theory. Meanwhile, credit rationing based on interpersonal relationships shouldn＇ t be ignored, which exposes the imperfect contract enforcement of traditional markets.
出处
《经济研究》
CSSCI
北大核心
2008年第5期147-159,共13页
Economic Research Journal
关键词
农村借贷
交易成本
契约执行能力
习俗
Rural Credit
Transaction Costs
Contract Enforcement
Customs
