教師資料查詢 | 類別: 期刊論文 | 教師: 林志娟 LIN JYH-JIUAN (瀏覽個人網頁)

標題:Troubled Asset Relief Program, Bank Interest Margin and Default Risk in Equity Return: An Option-Pricing Model
學年97
學期2
出版(發表)日期2009/03/01
作品名稱Troubled Asset Relief Program, Bank Interest Margin and Default Risk in Equity Return: An Option-Pricing Model
作品名稱(其他語言)
著者林志娟; Lin, Jyh-Jiuan; Chang, Ching-hui; 林志鴻; Lin, Jyh-horng
單位淡江大學國際貿易學系
出版者World Scientific and Engineering Academy and Society (WSEAS)
著錄名稱、卷期、頁數WSEAS Transactions on Mathematics 8(3), pp.117-126
摘要Will banks be willing to sell their toxic loans with the help of the Troubled Asset Relief Program (TARP)? The answer is yes as long as bids are high enough to tempt banks to deal. With the TARP's help, an increase in the toxic loans sold to the government increases the bank's margin and decreases the bank's default probability in equity return when the bank encounters greater risk. This paper concludes that setting up the TARP for the 'bad bank' solution may be a good move for retail banking, resulting in high margin and low default risk when its target banks are willing sellers.
關鍵字default risk; interest margin; toxic loans; troubled asset relief program
語言英文
ISSN1109-2769
期刊性質國外
收錄於EI
產學合作
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