| Finance is the core of modern economy. The development of rural finance plays an important role in promoting China’s rural economic and social development. Since the reform and opening, rural finance in China has got rapid development and established a relatively perfect rural financial system, and rural finance has played an increasingly important role in promoting rural economic and social development. But at the present stage, the majority of farmers’ demands of financial services (including deposits, foreign exchange and other basic services) have not been met. Financial exclusion is widespread in rural areas, such as the financial institutions in rural areas gradually moving to cities, low proportion of farmers and rural enterprises acquiring loans, rural capital flowing to the city, low quality and quantity of rural financial products and services.In recent years, the financial exclusion, especially the rural financial exclusion, gradually drew the attention of experts, scholars and policy makers. They explored the problem of rural financial exclusion from different perspectives. In general, the study of financial exclusion especially the research on rural financial exclusion is still at the initial stage and the literature which studies the issue of rural financial exclusion systematically is relatively rare. Under the background of serious financial exclusion in the rural areas, the paper researches the rural financial exclusion in the aspect of formation mechanism, influencing factors and policy recommendations of rural financial exclusion in China, which may contribute to cracking the problems of financial exclusion in rural areas, promoting the construction of inclusive financial system, new socialist countryside and the affluent society. In this paper, the author selects the relevant data of91counties from2006to2010in Shandong Province, and takes the county’s financial institutions network distribution as the proxy variable of Financial Exclusion in rural areas to analyze the influencing factors of Financial Exclusion in rural area of China from the perspective of financial supply. The dissertation is composed of five chapters.Chapter1:Introduction. This chapter introduces the background and significance of this research, and reviews the development situation of rural finance theory by sorting out the domestic and foreign literature which lays the foundation for the analysis of Rural Financial Exclusion in China. And based on the research of the existing literature, the author clarifies the research ideas and research methods.Chapter2:Chinese rural financial exclusion analysis based on supply perspective. In this part, according to the theory of rural finance especially the financial exclusion theory, the author comprehensively expounded on China’s rural financial exclusion problem from the supply angle which combined with the actual situation in China. The analysis mainly describes the development of China’s rural formal financial institutions and the relationship between China’s rural financial institutions and rural financial exclusion.Chapter3:The analysis of Financial Exclusion in rural areas. In this paper, the author makes a clear definition of financial exclusion, and analyzes the relationship between the network distribution of financial institutions and financial exclusion in theory and analyzes the influence factors of Rural Financial Exclusion, which provides a theoretical basis of using the county financial institutions network distribution as the proxy variable of Financial Exclusion.Chapter4:Empirical Analysis on the influential factors of rural Financial Exclusion. In this paper, the author uses the fixed effect panel data model to take the quantitative analysis of91units at the county level data in Shandong Province from2006to2010, and put forward the policy recommendations according to the empirical results. The study found that the countries with small population size, low total retail sales of social consumer goods, the countries with poor financial foundation, mountainous geographical features are more vulnerable to financial exclusion. The divided mechanism investigation shows, the commercial banks pay more attention to the income index in the network layout, and rural credit cooperatives more population index.Chapter5:The experience of developing countries to solve the financial exclusion. Based on the successful experience of Bangladesh, India, Brazil and other countries in solving financial exclusion, this paper provides ideas for solving rural financial exclusion in China. |
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