中国农村金融改革：历程、经验、教训教学案例.pptVIP

中国农村金融改革：历程、经验、教训;农村金融改革历程回顾;中国农村金融的现状Current status of rural finance in China;农村金融的特点：风险大成本高 Characteristics of rural finance;农村金融的目标;教训之一：误把农村金融当作农业信贷Lesson one: RF mistaken as agricultural credit;教训之二：扭曲的资金价格导致资源错配Lesson two: distorted prices lead to misallocation;农业信贷补贴与医疗及基础教育融资效益比较Comparing Agricultural Credit Subsides with Funding for Preventative Health and Basic Education;教训之三：补贴反而造成更大的不公平Lesson three: subsidy worsens social inequality;教训之四：低估农民创造价值的能力Lesson four: underestimation of farmers’ ability;教训之五: 旧的范式加剧农村金融机构的问题Lesson five: the old paradigm weakens RFIs; 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 22% 24% 26% 28% 30% Interest Rate Paid by RFI on its Borrowed Funds 主要假设：股本占总资产的10%，年度平均总资产回报率是20%，管理费用占总资产的6%。 Key Assumptions: equity equals 10 percent of total assets, the average annual yield obtained on total assets is 20 percent, and administrative expenses are six percent of total assets. /;教训之六: 错把较高的市场利率视作高利贷Lesson six: regarding high interest rates as usurious;;教训之七: 政府的预算是有限的因此补贴不是办法Lesson seven: there is a limit to the state budget;问题是政府面临残酷的两难选择But there is a cruel dilemma;;教训之八：政府办农村金融机构很少有成功的Lesson eight: governments are not good at running rural financial institutions;教训之九: 过度的监管可能会扼杀农村金融Lesson nine: overly intrusive regulation could stifle RF;教训之十: 不当的评价标准导致错误的战略与政策 Lesson ten: inappropriate performance criteria could lead to wrong strategies and policies;中国从国际教训的可借鉴之处What can China learn from those lessons;政府的作用 Role of Government;政府的作用：农村金融机构;政府的作用;政府的作用：如何设计和发放补贴;如何实现业绩的最优化Optimizing performance in rural finance;农村金融机构业绩的评价标准 Criteria For Assessing--The Performance of RFIs;补贴依赖指数作为一种分析框架 Subsidy Dependence Index as a framework;补贴依赖指数 Subsidy Dependence Index (SDI) ;补贴依赖指数 （续） Subsidy Dependence Index (SDI) (cont’d);我们从本部分学到了什么？What have we learned from this session?