Effects of government capital injection on bank and bank-dependent borrower
學年 104
學期 1
出版(發表)日期 2016-01-01
作品名稱 Effects of government capital injection on bank and bank-dependent borrower
作品名稱(其他語言)
著者 Chen, Shi; Lin, Ku-Jun
單位
出版者
著錄名稱、卷期、頁數 Economic Modeling 52 Part B, pp.618-629
摘要 We examine the impacts on bank interest margin, bank default risk, and bank-dependent borrower default risk from changes in the bailout program of government capital injections. This paper focuses on the capped credit risk, the risk of default related to borrower health states. We show that government capital injection helps to reduce default risk for the bank, but indirectly increases the default risk for the borrowing firm. Government capital injection is more likely to produce greater safety for the bank when the borrowing firm is in a distressed situation (e.g., a high-risk and low-return one). The capital effect on bank safety is underestimated when the capped credit risk is ignored. We conclude that a government capital injection program stabilizes the bank, but deteriorates the borrowing firm.
關鍵字 Government capital injection;Default risk;Barrier option
語言 en_US
ISSN 0264-9993
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者 Ku-Jun Lin
審稿制度
國別 NLD
公開徵稿
出版型式 ,電子版
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/106282 )