Theoreticaland Empirical Studyon Consumption Creditof Chinese Families

Themanuscriptbelievesthatundertheconditionsofcreditmoney,themorecompletetheconsumercreditmarketis,themoreitwillbeabletopromotethecurrentconsumptionandenhancetheefficiencyofconsumers'intertemporalconsumption.ByexaminingthedevelopmentoftheconsumercreditmarketintheUnitedStatesandJapanandthefamilyconsumptionandcredit,itcanbefoundthattheconsumercreditmarketsintheUnitedStatesandJapanaremoremature.Therearemanytypesoffinancialorganizationsthatprovideaseriousofconsumercreditservices,Inaddition,boththeUnitedStatesandJapanhaveestablishedarelativelysoundregulatorysystemthatcaneffectivelyprotecttherightsandinterestsofconsumers.Atthesametime,thedevelopmentoftheconsumercreditmarkethasalsoplayedasignificantroleinpromotingconsumptionandeconomicdevelopment.ComparedwiththeUnitedStatesandJapan,thedevelopmentofChina'sconsumercreditmarketisveryslowandfeaturedbysmallscale,smallnumberofinstitutionsandfewservicetypes.TheactualriseofChina'sconsumercreditmarketisagainstthebackdropofmonetizationinareaslikehousingandeducation.Then,theconsumercreditmarketstartedtogrowrapidlyinrecentyears,withsuchmodernfinancialorganizationsasconsumerfinancecompaniesbegantoentertheChineseconsumercreditmarket.Byusingmicro-surveydataatthefamilylevel,theauthormakesanempiricalanalysisofconsumers'creditbehaviorsandfindsthatmortgageloanhasasignificantimpactonhouseholdconsumptionstructure.Macroeconomicdataisusedtotestmacroeconomiceffectsofthedevelopmentofconsumercredit,andtheresultsshowthataftermorethantenyearsofdevelopment,theconsumercreditmarketinChinahassignificantlypromotedtheexpansionofdomesticdemandbypromotingconsumption.ThefutureofChina'sconsumercreditmarketwillusherinabroaderprospect.Thismanuscriptincludeschapterone,introduction;chaptertwo,consumercreditfromtheperspectiveofmonetaryevolution:atheoreticalframework;chapterthree,historyofhouseholdconsumptionandcreditinthewesterndevelopedcountries;chapterfour,historyandstatusquoofChina'sconsumercredit;chapterfive,characteristicsandinfluencefactorsofhouseholdconsumercreditinChina;chaptersix,impactofconsumercreditonthehouseconsumptionstructure--takingmortgageasanexample;chapterseven:analysisoftheImpactofthedevelopmentofChina'sconsumercreditonthemacroeconomy;chaptereight,thedevelopmenttrendofhouseholdconsumercreditinChina.