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:A note on selling distressed loans with bank bailouts: modeling of bank interest margins with default probabilities
學年100
學期1
出版(發表)日期2012/01/01
作品名稱A note on selling distressed loans with bank bailouts: modeling of bank interest margins with default probabilities
作品名稱(其他語言)
著者Lin, Jyh-Horng; Lin, Jyh-Jiuan; Chang, Ching-Hui
單位淡江大學統計學系
出版者Abingdon: Routledge
著錄名稱、卷期、頁數Applied Economics Letters 19(7), pp.623-627
摘要This article extends the framework of Merton (1974) with Vassalou and Xing (2004) to value a troubled but solvent bank’s equity by explicitly incorporating distressed assets purchased by the government in an imperfectly competitive loan market. We show that the bank may be willing to take this bailout when the purchased amount is relatively small and the margin is relatively low. However, the bank may be harder to entice even when the unit price of the bailed-out assets subsidized by the government is relatively high. As a consequence, most of the first half of the Troubled Asset Relief Program’s money is not used to buy troubled assets (Wilson, 2010).
關鍵字bank bailout; interest margin; default probability; distressed loan; G28, G13
語言英文(美國)
ISSN1350–4851;1466-4291;1744-6546
期刊性質國外
收錄於SSCI
產學合作
通訊作者Lin, Jyh-Jiuan
審稿制度
國別英國
公開徵稿
出版型式紙本;電子版
相關連結
Google+ 推薦功能,讓全世界都能看到您的推薦!