"Supernormal"Credit Rationing,Market Behavior and the Performance of Commercial Banks
从商业银行市场行为的两极分化出发，指出“超正常”信贷配会导致金融机构低效率，原因在于银行盲目逐利和外部制度约束，并建议通过适度原则改善信贷配给。
This paper starts with the two extremenesses caused by the divergence of the commercial banks' market behavior,and then points out that thesupernormalcredit rationing results in the low efficiency of the financial institutions.There are two reasons for theSupernormalcredit rationing,one is when weighed against the risk and benefits,commercial banks are driven for the benefits blindly and excessively;the other is the external institution constraint.Therefore,reducing thesupernormalcredit rationing is the key to improve the efficiency of capital allocation.Finally,the paper suggests that in order to improve thesupernormalcredit rationing, both the external institution supply and the commercial banks' behavior should follow themoderateprinciple.