| The Effects of the Change of Bond Insurance Premium and Capital Regulatory Ratio on Loan and Deposit Rates: An Option-Pricing Model | |
|---|---|
| 學年 | 99 |
| 學期 | 2 |
| 出版（發表）日期 | 2011-07-01 |
| 作品名稱 | The Effects of the Change of Bond Insurance Premium and Capital Regulatory Ratio on Loan and Deposit Rates: An Option-Pricing Model |
| 作品名稱（其他語言） | |
| 著者 | Pao, Shin-heng; Lin, Jyh-horng; Chang, Shu-hui |
| 單位 | 淡江大學國際企業學系 |
| 出版者 | Zographou: World Scientific and Engineering Academy and Society (W S E A S) |
| 著錄名稱、卷期、頁數 | WSEAS Transactions on Mathematics 7(10), pp.219-228 |
| 摘要 | We propose an option-based model that examines the relationships among municipal bonds with prepackaged insurance, capital insurance, and optimal bank interest margins. If the elasticity effect is positive (negative), then an increase in the bond insurance premium will increase the bank's optimal loan rate (optimal deposit rate). If the elasticity effect is negative (positive), then an increase in the capital-to-deposit ratio will increase (decrease) the bank's optimal loan rate. But an increase in the capital-to- deposit ratio increase the bank's optimal deposit rate under the positive elasticity effect. |
| 關鍵字 | Municipal bond;Capital-to-deposit ratio;Interest margins;Bond insurance;Elasticity;option |
| 語言 | en |
| ISSN | 1109-2769; 2224-2880 |
| 期刊性質 | 國外 |
| 收錄於 | EI |
| 產學合作 | |
| 通訊作者 | Chang, Shu-hui |
| 審稿制度 | |
| 國別 | GRC |
| 公開徵稿 | |
| 出版型式 | 紙本 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/58192 ) |
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