Financial Deeping and Efficiency of Rural Financial Intermediation

农村金融中介的金融深度和效率

• 批准号: 61171255
• 负责人: Professorin Dr. Gertrud Buchenrieder, Ph.D.
• 金额: --
• 依托单位: Leibniz-Institut für Agrarentwicklung in Transformationsökonomien (IAMO)
• 依托单位国家: 德国
• 项目类别: Research Grants
• 财政年份: 2008
• 资助国家: 德国
• 起止时间: 2007-12-31 至 2012-12-31
• 项目状态: 已结题
• 来源: https://gepris.dfg.de/gepris/projekt/61171255?language=en
• 关键词: Financial; Deeping; Efficiency; Rural; Intermediation

Financial systems in transition countries are under ongoing reforms. Different kinds of institutions enter financial markets to serve new market segments. An important but risky and thus often neglected market segment is the rural (private farm) population. Especially in rural areas, the effect of different types of financial intermediation on the depth and efficiency of rural financial markets is not yet fully understood. At the same time, such peculiarities like dispersed clientele, high risk in combination with inadequate collateral and restricted refinance require new institutional approaches and banking strategies. Thus, the objective of the project is to analyse the two columns of financial system reform for the period 1990 to 2006, i.e. financial deepening and efficiency of financial intermediaries in rural areas. On the basis of macro-financial data at the national (and regional) level and data from lending activities of major rural financial intermediaries, the rural financial market depth will be quantitatively assessed. This allows for a better understanding of the past and present status of Bulgaria's rural financial market development. The second column of the project is the productivity and efficiency analysis of different organisational forms in financial intermediation. The methodologically ambitious shadow price approach will be applied to estimate best practice frontiers. Consecutively, comparison of allocative and technical efficiency will be conducted to determine potential supply of rural financial services. The empirical data will be collected at the national level in cooperation with the Bulgarian National Bank as well as at the micro level through surveying rural financial intermediaries in three selected regions in the case-country Bulgaria. The gained insights are expected to also help in understanding the developments in similarly structured financial systems of other transition countries.

转型期国家的金融系统正在进行改革。不同类型的机构进入金融市场，为新的细分市场提供服务。农村（私人农场）人口是一个重要但有风险因而常常被忽视的市场部分。特别是在农村地区，不同类型的金融中介对农村金融市场的深度和效率的影响尚未完全了解。与此同时，诸如客户分散、高风险加上抵押品不足和再融资受到限制等特点要求采取新的体制办法和银行战略。因此，该项目的目标是分析1990年至2006年期间金融系统改革的两个方面，即金融深化和农村地区金融中介机构的效率。将根据国家（和区域）一级的宏观金融数据和主要农村金融中介机构的借贷活动数据，对农村金融市场深度进行定量评估。这有助于更好地了解保加利亚农村金融市场发展的过去和现状。专题的第二栏是对不同金融中介组织形式的生产力和效率进行分析。将采用在方法上雄心勃勃的影子价格办法来估计最佳做法前沿。同时，通过比较农村金融服务的配置效率和技术效率，确定农村金融服务的潜在供给。将与保加利亚国家银行合作在国家一级收集经验数据，并通过调查案例国保加利亚三个选定地区的农村金融中介机构在微观一级收集经验数据。所获得的见解预计也将有助于了解其他转型期国家类似结构的金融体系的发展。