The Optimal Contract Design Of The Rural Policy Finance

The relationship of my government and rural policy-oriented financial institution is commissioned and agents; both sides stipulate rights and duties by the contract. The government accredit policy-oriented financial institution to servethe three rural, and meets the requirements of rural finance . Rural policy-oriented financial institution depends on their operations, in the mean time to serve the "three rural" and access to certain rural financial reward. At present rural policy financial contract design mainly based on incentive mechanism and risk compensation mechanism that lays a certain extent defectives and defeats the working enthusiasm of rural policy-oriented financial institution tremendously.Therefore, designing rural policy financial optimal contract design meet a criterion of the Pareto principle is more efficient to rural policy finance and theoretical and practical significance promote the financial development.Analysis of the thesis is our rural policy financial contract design and lays the foundations of theoretical basis on the rural policy finance. Though review the system change of the rural policy finance and execute functional evaluation also focus on analyze the defective of rural policy financial contract design. Meanwhile according to principal-agent theory constructs model to project optimal contract design on rural policy finance, after by use for reference on development process and enlightenment experience of foreign rural policy finance propose our way promoting rural finance as fast as can.Main conclusions: according to the models for deciding on a conclusion, in my submission establishes incentive principle as a starting point, our principal-agent of rural policy-oriented financial institution should select policy-oriented financial institution and commercial financial institutions. Market position of rural policy-oriented financial institution should be clears as soon as possible also support and protect agriculture. Strong support the development of integrated agricultural, leads more bank roll flow into agriculture and avoiding rural policy finance to trend towards commercialization. To the contract design makes commercial financial institutions as the principal-agent, which should be clear under the premise and innovating its incentive mechanism and risk compensation mechanism, and pay attention to moral hazard prevention.