Advance Thinking toward A Better Management of National Resources - Effectiveness and Adequacy Analysis of Risk Management Practices of Credit Guarantee Scheme
Date Issued
2006
Date
2006
Author(s)
Hung, Su-Chen
DOI
zh-TW
Abstract
Credit Guarantee System is always an important system for each government to financially support so called“marginal business”. In our country, Small and Medium Business Credit Guarantee Fund (SMEG) was set up in June 1974, and till the end of 2001 (that’s almost 27 years), the Credit Guarantee Utilization Ratio (CGUR) in financial institution had been maintained at 6% or so. However, this ratio in April 2006 was boomed to 18.43%, 2 times increase. In contrast, during the same time, the loan of total financial institutions to SMEs was declining. Is the function of correcting the market-failure of credit guarantee system unavailable?
This research mainly referred to the related function and organizations in Japan and Korea which are currently among the best practices of Credit Guarantee System all over the world, and also proposed ways of improvement in the Credit Guarantee Systems, considering the special economic circumstance of Taiwan. This research also suggested how SMEG could continually fulfill its public mission under information asymmetry, increasing ratio of non-performing loans, and the decreasing capital fund contributed from the government.
Subjects
信保利用率
逾期率
Credit Guarantee Utilization Ratio
information asymmetry
ratio of non-performing loans
Type
other
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