Asymmetric Information And Commercial Bank Credit Risk Management Study

In the angle of economics of information, the thesis probes into the credit risk formation mechanism with asymmetric information and system arrangement and ways of credit risk management. First, general theoretical analysis is made about adverse selection and moral hazard emerging from asymmetric information in credit activities, which are the reasons of credit risk. At the same time, general models are set up for the prevention of adverse selection and moral hazard. Secondly, considering the weak budget constraint which is the essential characteristic of china credit market, the thesis studies the particularity and severity of credit risk caused by asymmetric information in china credit activities. Thirdly, the actions between commercial bank and firm in the application and repayment of loans in china credit market have been deeply analyzed by the ways of game theory .At last, suggestions about how to strengthen bank credit risk management are put forward in the aspects of improvement of information symmetry ... establishment of incentive and constraint scheme and selecting dominant strategy for commercial bank in credit game.