최고금리 변동에 따른 비은행 금융기관 이용자의배제 규모에 대한 연구

Abstract

This paper investigates the extent to which financial markets, non-banking financial markets of low credit borrowers are excluded from the market due to the cut in the maximum interest rate. We estimated the exclusion of low credit borrowers using monthly data from July 2010 to July 2017. As a result of the analysis, the number of new borrowers for high and middle credit borrowers in the whole financial sector is rising, while the number of low credit borrowers is decreasing. Low credit borrowers of non-financial tend to be similar to the whole banking system, but they are smaller than the whole banking system. Throughout the credit lending status in each of financial markets, credit card company seems to have had the most new borrowers in entire period. Looking at the changes in lending by credit rating of loan company among financial companies, the number of new low credit borrowers is steadily decreasing, while the amount of new loans is showing a rise trend. In this study, we conducted regression analysis to estimate the exclusion scale due to the highest interest rate fluctuation. The number of exclusions and exclusion amount should be understood that they were estimated to be underestimated because they are based on changes in new borrowers and balances. If the cost of a lending provider exceeds revenue due to a maximum interest rate cut, the number of exemptions and exemption amount may be much larger than the current estimate due to stop of reduce new loans.