| dc.contributor.advisor | 朱美麗 | zh_TW |
| dc.contributor.author (Authors) | 吳仲強 | zh_TW |
| dc.contributor.author (Authors) | Wu, Chung-Chiang | en_US |
| dc.creator (作者) | 吳仲強 | zh_TW |
| dc.creator (作者) | Wu, Chung-Chiang | en_US |
| dc.date (日期) | 2004 | en_US |
| dc.date.accessioned | 14-Sep-2009 13:32:32 (UTC+8) | - |
| dc.date.available | 14-Sep-2009 13:32:32 (UTC+8) | - |
| dc.date.issued (上傳時間) | 14-Sep-2009 13:32:32 (UTC+8) | - |
| dc.identifier (Other Identifiers) | G0922580141 | en_US |
| dc.identifier.uri (URI) | https://nccur.lib.nccu.edu.tw/handle/140.119/32268 | - |
| dc.description (描述) | 碩士 | zh_TW |
| dc.description (描述) | 國立政治大學 | zh_TW |
| dc.description (描述) | 經濟研究所 | zh_TW |
| dc.description (描述) | 92258014 | zh_TW |
| dc.description (描述) | 93 | zh_TW |
| dc.description.abstract (摘要) | Most theoretical and empirical literatures have investigated the credit channel of monetary transmission in a closed economy. However, when Taiwan becomes financially more internationalized, little literature can provide economic implication for the credit-channel effect of a monetary policy to the case of Taiwan. Therefore we set up a model with the credit market under an open economy to study the credit channel-effect of monetary policy with the inclusion of foreign assets and debts in the bank’s balance sheet. The main conclusion in our theoretical model is that the effect of a tight monetary policy on bank loans will be reduced in an open economy; furthermore, such effect may make bank loans increase after a contractionary monetary policy. Besides, the empirical evidence also shows that bank loans increase after a contractionary monetary policy with the data of Taiwan. | zh_TW |
| dc.description.tableofcontents | Chapter 1 Introduction 1 Chapter 2 The Model 7 Chapter 3 Empirical Evidence 12 3.1 Data and Empirical Approach 12 3.2 Empirical Analysis and Results 13 3.2.1 Bank Loans, the Exchange Rate, and the Interest Rate 14 3.2.2 Securities, the Exchange Rate, and the Interest Rate 18 3.2.3 Foreign Assets, the Exchange Rate, and the Interest Rate 20 3.2.4 Foreign Debts, the Exchange Rate, and the Interest Rate 21 Chapter 4 Conclusions 24 References 26 Tables Table 1 Unit Root Tests 14 Table 2 Residual Misspecification Tests for VAR Models 15 Table 3 Tests for the Number of Cointegrating Vectors 15 Table 4 Coefficient Tests for the Equation of Bank Loans 16 Table 5 Residual Misspecification Tests for VAR Models 18 Table 6 Tests for the Number of Cointegrating Vectors 18 Table 7 Coefficient Tests for the Equation of Securities 19 Table 8 Residual Misspecification Tests for VAR Models 20 Table 9 Tests for the Number of Cointegrating Vectors 20 Table 10 Coefficient Tests for the Equation of Foreign Assets 21 Table 11 Residual Misspecification Tests for VAR Models 22 Table 12 Tests for the Number of Cointegrating Vectors 22 Table 13 Coefficient Tests for the Equation of Foreign Debts 23 | zh_TW |
| dc.language.iso | en_US | - |
| dc.source.uri (資料來源) | http://thesis.lib.nccu.edu.tw/record/#G0922580141 | en_US |
| dc.subject (關鍵詞) | Bank Lending Channel | en_US |
| dc.subject (關鍵詞) | Credit Channel | en_US |
| dc.subject (關鍵詞) | Monetary Policy | en_US |
| dc.subject (關鍵詞) | Open Economy | en_US |
| dc.title (題名) | Monetary Policy and the Bank Lending Channel: Evidence of Taiwan | zh_TW |
| dc.type (資料類型) | thesis | en |
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