政大學術集成


Please use this identifier to cite or link to this item: https://ah.nccu.edu.tw/handle/140.119/32268


Title: Monetary Policy and the Bank Lending Channel: Evidence of Taiwan
Authors: 吳仲強
Wu, Chung-Chiang
Contributors: 朱美麗
吳仲強
Wu, Chung-Chiang
Keywords: Bank Lending Channel
Credit Channel
Monetary Policy
Open Economy
Date: 2004
Issue Date: 2009-09-14 13:32:32 (UTC+8)
Abstract: 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.
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Description: 碩士
國立政治大學
經濟研究所
92258014
93
Source URI: http://thesis.lib.nccu.edu.tw/record/#G0922580141
Data Type: thesis
Appears in Collections:[Department of Economics] Theses

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