The model of this paper explores the links between the following factors and the credit rationing in china. the change of banks " attitude to credit risk may lead to credit rationing ; banks give much more emphasis on the trade cost and the payable value of collateral, which may give rise to credit rationing ; the decreasing of asset price during economic stagnation produces credit rationing ; the bias of banks " objective function from the maximization of profit and the transformation of the function relating to the reform of the financial system cause credit rationing ; if different parts of the whole markets are not integrated, the credit in the part with low capital return ratio will be rationed. during economic recession, banks tend to ration the credit in the high - risk market ; the removing of interest ceiling will narrow down the interest spread of deposit and credit at least during a period, which may strengthen credit rationing ; meanwhile, the vulnerable borrowers, including small and middle - sized enterprises, will get more credit from banks even though they have to pay a higher interest rate
論文的模型探討了下列因素和中國
信貸配給現象之間的聯系:商業銀行對
信貸風險的態度變化,在辨別和控制
信貸風險上開始投入大量的成本,這一過程會導
致信貸配給;商業銀行對與法治環境相關的交易成本和抵押品清償價值的日漸關注會導
致信貸配給;宏觀經濟緊縮時期資產價格下降會導
致信貸配給;商業銀行經營目標函數偏離利潤最大化,近幾年金融業改革過程使商業銀行目標函數發生變化,這一變化過程可能導
致信貸配給;在市場分化的條件下,收益水平低的市場會遭受
信貸配給;在經濟下滑時期,商業銀行尤其會對高風險市場配給
信貸;利率市場化使商業銀行的存貸利差至少在一段時間內縮窄,利差縮窄可能加重
信貸配給的程度:在利率市場化條件下,弱勢借款者,包括中小企業,遭受
信貸配給的程度可能得到緩解,但支付的貸款利率水平將會升高。
She has a deep sense of justice, loyalty ( faithful ) and responsibility. she has a glib tongue, practical and realistic. she is also trustworthy and generous to people
以維護正義為已任,矢志忠誠,責任感極強。伶牙利齒,實事求是,而且為人慷慨大方,贏得一
致信任。
Zodiac ' s nature : with a deep sense of justice, loyalty and responsibility. having a glib tongue. practical and realistic. they are also trustworthy and generous to others
《生肖性格》以維護正義為己任。矢志忠誠,責任感極強。伶牙利齒,實事求是,而且為人慷慨大方,贏得一
致信任。
Bhp said yesterday it had written to rio about a possible offer of three bhp shares for each rio share ? a 21 per cent premium to wednesday ' s closing price of 43. 50, according to rio
必和必拓昨日表示,已就可能的出價
致信力拓,提出以3股必和必拓股票交換1股的力拓股票? ?力拓稱,這一出價較其周三收盤價43 . 50英鎊有21 %的溢價。
Through out its devotion to develop and manufacture advanced eas systems and anti - theft products, to provide its customers with reliable and cost effective eas solutions : sidep electronics ( shanghai ) obtain the confidence of the largest retail groups and chain stores in china such as carrefour 、 auchan 、 rt mart 、 century lian hua 、 wu mart and others
由於公司在eas防盜系統產品開發和生產上的不斷努力,為客戶提供了大量有效可靠的且專業的賣場防盜的解決方案,希特普電子(上海)有限公司現已得到了家樂福、歐尚、大潤發、世紀聯華、物美、步步高、江蘇時代超市、山東家家悅超市、北京華普、北京華聯等大型連鎖零售企業的一
致信任。
The brisk business of l / c swindling causes l / c swindling exception principles to come into being
信用證欺詐「生意」的繁榮又導
致信用證欺詐例外原則的產生。
This part expounds what the principle of the abstraction and independence of the letter of credit is, analysis the necessity of being about the principle and the principle objectively protects the illegal beneficiary that lead to the overflow of the letter of credit fraud
闡述什麼是獨立抽象性原則,分析該原則存在的必要性以及該原則在客觀上形成了對不法受益人的「保護」 ,從而導
致信用證欺詐的泛濫,對參與國際貿易各方造成巨大損害。
A bipartisan group of 13 goernors has written congressional leaders asking them to coer the money shortfall before the budget year ends
13位洲長來自兩黨
致信國會領導人請求他們能夠在預算年結束前幫助應付資金短缺。
We send believe us nanotechnology to be able to guide the blue sea which the cooperation the partner walks into nobody unexpectedly to struggle, eagerly anticipates the consumer to enter a happier life, enjoys the high tech achievement, altogether creates double wins
我們
致信我們的奈米技術會將引導合作的夥伴走入無人竟爭的藍海,引領消費者進入更美好的生活,享受高科技成果,共創雙贏!
Dwelling on the impossible leads to a sense of inadequacy
老是想著不可能的事會導
致信心不足
Finally, after a 40 - year campaign of writing editorials and letters to governors and presidents, hale ' s obsession became a reality when, in 1863, president lincoln proclaimed the last thursday in november as a national day of thanksgiving
40年中,她堅持不懈地發表評論,不斷致信州長乃至總統千千靜聽歌詞下載最後,理想終于變為現實: 1863年,林肯總統發表聲明電驢服務器將11月的最後一個星期四定為感恩節一個全國性的節日。