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:On The Margin Effects Of Commercial Bank Expansion Into Securities And Insurance Activities Under The Same Roof: A Mathematical Swap Approach
學年99
學期1
出版(發表)日期2010/11/01
作品名稱On The Margin Effects Of Commercial Bank Expansion Into Securities And Insurance Activities Under The Same Roof: A Mathematical Swap Approach
作品名稱(其他語言)
著者Lin, Jyh-Jiuan; Huang, Pai-Chou; Hung, Wei-Ming
單位淡江大學統計學系
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 Circuits and Systems 9(11), pp.671-688
摘要The Gramm-Leach-Bliley Act (GLBA) of 1999 allows commercial bank expansion into investment banking of securities and insurance activities without limit in subsidiaries separate from commercial banks. This paper demonstrates how securities hedging, insurance underwriting, and capital regulation through the total return swap approach jointly determine the optimal bank interest margin under the same roof. We find that the bank's interest margin and noninterest income are positively related to the bank's securities hedging demand, and to the insurance underwriting provision, but negatively related to the bank capital requirement. We also find that the results of the bank's noninterest income follow a similar argument as in the case of a change in interest margin. The results show that the combined production of commercial banking expansion into investment banking enhances the bank's synergistic gains. In addition, if regulators reduce capital charges, a commercial bank will have a strong incentive to expand its investment banking activities. This suggests obvious diversification benefits from the return to investment banking under the same roof.
關鍵字Gramm-Leach-Bliley Act; Commercial Banking; Investment Banking; Total Return Swap
語言英文
ISSN1109-2734
期刊性質國外
收錄於EI
產學合作
通訊作者Lin, Jyh-Jiuan
審稿制度
國別希臘
公開徵稿
出版型式紙本
相關連結
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