摘要
随着我国疫情防控进入下半场,如何有效缓解中小微企业融资难题,成为学术界关注的重点。本文从利率市场化角度出发,运用新的利率市场化度量方法,选取河南省法人金融机构发放中小微企业贷款的加权利率为代表,采用OLS回归方法,研究了利率市场化对中小微企业融资成本的影响。研究发现:利率市场化使得中小微企业融资成本明显下降,但传导渠道仍存堵点,因此本文建议提高中小银行比重,建立多层次资本市场,加快经济结构转型升级。
With the epidemic prevention and control entering the second half,how to establish a long-term mechanism to alleviate the financing problems of small and medium-sized enterprises has become the focus of academic attention.From the perspective of interest rate marketization,this paper puts forward a new measurement method of interest rate liberalization.This paper selects the weighted interest rate of loans issued by corporate financial institutions in Henan Province as the representative.Through OLS regression method,this paper studies the impact of interest rate liberalization on financing costs of small and medium-sized enterprises,It is found that Market-oriented interest rate can guide the loan interest rate of the real economy to drop significantly.But the problems still exist.Next,we should increase the proportion of small and medium-sized banks,establish multi-level capital markets,and accelerate the transformation and upgrading of economic structure.
作者
郭耀蔓
GAO Yaoman(The Export-import Bank of China,Beijing 100096)
出处
《西部金融》
2022年第12期47-52,71,共7页
West China Finance
关键词
利率市场化
中小微企业
融资成本
interest rate liberalization
Small and medium-sized enterprises
financing cost
作者简介
郭耀蔓(1987.11-),女,河南人,硕士,现供职于中国进出口银行。
