Research On The Construction And Application Of Supply Chain Financial Interest Rate Index

Currently,the globalization of economic and industrial division of labor is developing rapidly,and small and medium-sized enterprises(SMEs)are constantly emerging and integrating into the industrial chain and supply chain.However,due to their own conditions and external environment,financing issues have become a bottleneck that hinders the steady development of SMEs,industrial chains,and supply chains.The reform of interest rate liberalization and supply chain finance provide solutions to the financing problems of small,medium and micro enterprises,but they also bring risks and challenges to the supply chain and financial markets.How to realize the prediction of supply chain development status and risk measurement and prevention has become the focus of research.Therefore,based on the financial index theory,the paper takes the supply chain financial interest rate as the core and constructs the supply chain financial interest rate index in order to realize supply chain financial forecasting,risk measurement and prevention,and provide a theory for supply chain financial participants and followers to make decisions in accordance with.First of all,the paper summarizes the theoretical basis,and analyzes and summarizes the literature on interest rate liberalization,supply chain finance,financial index,supply chain financial index,supply chain financial reputation evaluation and risk measurement and control,etc.,for the establishment of the following index system and model construction.It lays the foundation for solution and empirical analysis.Secondly,establish an index system,construct a supply chain financial interest rate index model,and solve the model.The paper uses the unit root test method and Granger causality test method to test the selected indicators,and completes the establishment of the indicator system;subsequently,the paper uses the mixture innovation time-varying parameter vector autoregressive models with stochastic volatility(MI-TVP-SV-VAR model)to calculate the impulse response value and weight of each index,and then Substitute into the supply chain finance interest rate index model(SCFIRI model)to calculate the supply chain finance interest rate index.Finally,the prediction and measurement functions of the supply chain financial interest rate index are verified,and the application scenarios are analyzed and expanded.Through the calculation and verification of the supply chain financial interest rate index,the results show that: firstly,the supply chain financial interest rate index is a financial condition index that can effectively predict and measure the development status and risks of the supply chain and economic market.It also fills the gap of the lack of research on the supply chain financial interest rate index;secondly,relying on the prediction and measurement role of the supply chain financial interest rate index,it can provide a reference basis for the negotiation of supply chain financial interest rates,enterprise business adjustment,and strategic formulation;third,the supply chain financial interest rate index can be included in the loan evaluation index system of financial institutions to help the supply chain industry loan financing,further alleviate the financing problems of small,medium and micro enterprises,improve the stability of the industrial chain and supply chain,and help enterprises,industries,sustained and healthy social and economic development.