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Discouraged Borrowers in Japan

日本的借款人望而却步

基本信息

批准号：
16530210
负责人：
KON Yoshinori
金额：
$ 2.2万
依托单位：
Aomori Public College
依托单位国家：
日本
项目类别：
Grant-in-Aid for Scientific Research (C)
财政年份：
2004
资助国家：
日本
起止时间：
2004 至 2007
项目状态：
已结题

来源：
https://kaken.nii.ac.jp/grant/KAKENHI-PROJECT-16530210/
关键词：
SME finance discouraged borrowers loan application cost

项目摘要

The purpose of this study is to explore the behavior of the discouraged borrowers in credit markets and to examine the role of non-banks, especially that of money lenders (Kashikin-gyo) to fill the finance gap facing the discouraged borrowers in Japan. We employ the Kon-Storey model as an analytical framework to investigate the relationships between bank credit and non-bank loan to risky borrowers. Firstly, we reviewed the recent research following Kon-Storey to find conceptual development such as the "problem of access" (Beck-de la Torre) which includes discouragement of borrowers as "self-exclusion". Secondly, we have modified the original Kon-Storey model to show more precisely how money lender market variables (interest rate and loan supplied at equilibrium)respond to several parameter changes under the simplified assumption of uniformly distributed loan application cost among potential borrowers. We have found that the money lender loan changes oppositely to the bank credit change (ie. substitutability). Thirdly, we have built a dataset on Kashikin-gyo and have found that the rates of money lender loan change are negatively correlated with the rate of bank credit change in recent years in Japan, which is consistent with the theoretical prediction.

本研究的目的是探讨信贷市场中泄气借款人的行为，并研究非银行机构，特别是放债人（Kashikin-gyo）在填补日本泄气借款人面临的融资缺口方面的作用。我们采用Kon-Storey模型作为分析框架来研究银行信贷和非银行贷款对高风险借款人之间的关系。首先，我们回顾了继Kon-Storey之后的最新研究，以找到概念上的发展，如“获取问题”（Beck-de la Torre），其中包括对借款人的阻碍，即“自我排斥”。其次，我们修改了原来的Kon-Storey模型，以更精确地显示在潜在借款人之间均匀分布贷款申请成本的简化假设下，放债人市场变量（利率和均衡时提供的贷款）如何响应几个参数变化。我们发现放债人贷款的变化与银行信贷的变化是相反的。可置换性)。第三，我们建立了kashiking -gyo数据集，发现日本近年来放债人贷款变化率与银行信贷变化率呈负相关，这与理论预测一致。