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文章通过引入银行筛选成本研究法治对信贷市场的影响。研究结果表明:法治水平的提高会放松借款人面临的信贷约束、降低借款人集合的平均投资成功率;而对贷款利率和借款者个人的投资成功率的影响不确定,这取决于信贷市场的竞争程度和司法改革的结构。
The article studies the influence of rule of law on credit market by introducing bank screening cost. The results show that the improvement of the rule of law will relax the credit constraints faced by borrowers and reduce the average investment success rate of the borrower set. However, the impact on the loan interest rate and individual borrower’s investment success rate is uncertain, which depends on the credit market The degree of competition and the structure of judicial reform.