教師資料查詢 | 類別: 期刊論文 | 教師: 蔡政言 Tsai Jeng-yan (瀏覽個人網頁)

標題:A Note on the Emergency Homeowners' Loan Program: Modeling Bank Equity Volatility
學年100
學期2
出版(發表)日期2012/06/01
作品名稱A Note on the Emergency Homeowners' Loan Program: Modeling Bank Equity Volatility
作品名稱(其他語言)
著者Tsai, Jeng-Yan
單位淡江大學國際企業學系
出版者新北市淡江大學
著錄名稱、卷期、頁數International Journal of Information and Management Sciences 23(2), pp.149-157
摘要Previous research on housing policy has emphasized helping homeowners meet their mortgage payments. No attempt was made to explicitly analyze the risk characteristics of financial lender assets. The aim of this paper is to model bank lending explicitly and calculate the loan-risk volatility and sensitivity of the bank's return with the Emergency Homeowners' Loan Program (EHLP). A simulation exercise shows that an increase in the income assistance from the EHLP results in a reduced interest margin and volatility of the bank's return. The effectiveness of the mortgage assistance policy may capture the decreasing default of the bank, and increase the scale of the loans needed by borrowers.
關鍵字Emergency homeowners' loan program;interest margin;bank equity volatility;housing market
語言英文(美國)
ISSN1017-1819
期刊性質國外
收錄於TSSCI;EI;
產學合作
通訊作者
審稿制度
國別中華民國
公開徵稿
出版型式,紙本
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