Please use this identifier to cite or link to this item:
https://ah.lib.nccu.edu.tw/handle/140.119/32268| DC Field | Value | Language |
|---|---|---|
| dc.contributor.advisor | 朱美麗 | zh_TW |
| dc.contributor.author | 吳仲強 | zh_TW |
| dc.contributor.author | Wu, Chung-Chiang | en_US |
| dc.creator | 吳仲強 | zh_TW |
| dc.creator | Wu, Chung-Chiang | en_US |
| dc.date | 2004 | en_US |
| dc.date.accessioned | 2009-09-14T05:32:32Z | - |
| dc.date.available | 2009-09-14T05:32:32Z | - |
| dc.date.issued | 2009-09-14T05:32:32Z | - |
| dc.identifier | G0922580141 | en_US |
| dc.identifier.uri | https://nccur.lib.nccu.edu.tw/handle/140.119/32268 | - |
| dc.description | 碩士 | zh_TW |
| dc.description | 國立政治大學 | zh_TW |
| dc.description | 經濟研究所 | zh_TW |
| dc.description | 92258014 | zh_TW |
| dc.description | 93 | zh_TW |
| dc.description.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. | zh_TW |
| dc.description.tableofcontents | Chapter 1 Introduction 1\r\nChapter 2 The Model 7\r\nChapter 3 Empirical Evidence 12\r\n3.1 Data and Empirical Approach 12\r\n3.2 Empirical Analysis and Results 13\r\n3.2.1 Bank Loans, the Exchange Rate, and the Interest Rate 14\r\n3.2.2 Securities, the Exchange Rate, and the Interest Rate 18\r\n3.2.3 Foreign Assets, the Exchange Rate, and the Interest Rate 20\r\n3.2.4 Foreign Debts, the Exchange Rate, and the Interest Rate 21\r\nChapter 4 Conclusions 24\r\nReferences 26\r\n\r\nTables\r\nTable 1 Unit Root Tests 14\r\nTable 2 Residual Misspecification Tests for VAR Models 15\r\nTable 3 Tests for the Number of Cointegrating Vectors 15\r\nTable 4 Coefficient Tests for the Equation of Bank Loans 16\r\nTable 5 Residual Misspecification Tests for VAR Models 18\r\nTable 6 Tests for the Number of Cointegrating Vectors 18\r\nTable 7 Coefficient Tests for the Equation of Securities 19\r\nTable 8 Residual Misspecification Tests for VAR Models 20\r\nTable 9 Tests for the Number of Cointegrating Vectors 20\r\nTable 10 Coefficient Tests for the Equation of Foreign Assets 21\r\nTable 11 Residual Misspecification Tests for VAR Models 22\r\nTable 12 Tests for the Number of Cointegrating Vectors 22\r\nTable 13 Coefficient Tests for the Equation of Foreign Debts 23 | zh_TW |
| dc.language.iso | en_US | - |
| dc.source.uri | http://thesis.lib.nccu.edu.tw/record/#G0922580141 | en_US |
| dc.subject | Bank Lending Channel | en_US |
| dc.subject | Credit Channel | en_US |
| dc.subject | Monetary Policy | en_US |
| dc.subject | Open Economy | en_US |
| dc.title | Monetary Policy and the Bank Lending Channel: Evidence of Taiwan | zh_TW |
| dc.type | thesis | en |
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| dc.relation.reference | Bernanke, B. S. and A. S. Blinder (1992), “The Federal Funds Rate and the Channels of Monetary Transmission,” American Economic Review, 82, 901-921. | zh_TW |
| dc.relation.reference | Bernanke, B. S. and M. Gertler (1995), “Inside the Black Box: The Credit Channel of Monetary Policy Transmission,” Journal of Economic Perspective, 9, 27-48. | zh_TW |
| dc.relation.reference | Chen, Y. D. (2000), “A Brief Introduction to the Interest Rate Target Policy and Its Transmission Mechanism of Central Bank of China,” Central Bank of China Quarterly Bulletin, 22, 81-94. (in Chinese) | zh_TW |
| dc.relation.reference | Cheng, H. P. (2004), “A Study on the Credit Transmission Mechanism of the Monetary Policy in Taiwan,” Master Thesis, Graduate School of Economics National Cheng Chi University. (in Chinese) | zh_TW |
| dc.relation.reference | Chiades, P. and L. Gambacorta (2004), “The Bernanke and Blinder Model in an Open Economy: the Italian Case,” German Economic Review, 5, 1-34. | zh_TW |
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| dc.relation.reference | Gonzalo, J. (1994), “Five Alternative Methods of Estimating Long-run Equilibrium Relationships,” Journal of Econometrics, 60, 203-233. | zh_TW |
| dc.relation.reference | Johansen, S. (1988), “Statistical Analysis of Cointegation Vectors,” Journal of Economic Dynamics and Control, 12, 231-254. | zh_TW |
| dc.relation.reference | Johansen, S. and K. Juselius (1990), “Maximum Likelihood Estimation and Inference on Cointegration-with Applications to the Demand for Money,” Oxford Bulletin of Economics and Statistics, 52, 169-220. | zh_TW |
| dc.relation.reference | Johansen, S. (1991), “Estimation and Hypothesis Testing of Cointegrating Vectors in Gaussian Vector Autoregressive Models,” Economitrica, 59, 1551-1580. | zh_TW |
| dc.relation.reference | Kakes, J. (2000), “Identifying the Mechanism: Is There A Bank Lending Channel of Monetary Transmission in the Netherlands?” Applied Economics Letters, 7, 63-67. | zh_TW |
| dc.relation.reference | Kashyap, A. K. and J. C. Stein (1995), “The Impact of Monetary Policy on Bank Balance Sheets,” Carnegie-Rochester Conference Series on Public Policy, 42, 151-195. | zh_TW |
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| dc.relation.reference | Lee, R. C. (1989), “The Rrole of Money and Bank Credit in the Monetary Policy Target-with the Selective Credit Control,” Central Bank of China Quarterly Bulletin, 11, 55-70. (in Chinese) | zh_TW |
| dc.relation.reference | Ljung, G. M. and G. E. P. Box (1978), “On a Measure of Lack of Fit in Time Series Models,” Biometrika, 65, 297-303. | zh_TW |
| dc.relation.reference | Mishkin, F. S. (1995), “Symposium on the Monetary Transmission Mechanism,” Journal of Economic Perspective, 9, 3-10. | zh_TW |
| dc.relation.reference | Mundell, R. A. (1963), “Capital Mobility and Stabilization Policy under Fixed and Flexible Exchange Rate,” The Canadian Journal of Economics and Political Science, 29, 475-485. | zh_TW |
| dc.relation.reference | Phillips, P. C. B. and P. Perron (1988), “Testing for a Unit Root in Time Series Regression,” Biometrika, 75, 335-346. | zh_TW |
| dc.relation.reference | Pill, H. (1997), “Bank Behaviour and Monetary Policy in a Small Open Economy: the Case of Spain,” Graduate School of Business Administration Harvard University. | zh_TW |
| dc.relation.reference | Wang, S. W. (1994), “The Monetary Policy and the Credit Condition: An Empirical Study on Taiwan,” Master Thesis, Graduate School of Finance Tam Kang University. (in Chinese) | zh_TW |
| dc.relation.reference | Wu, Y. J. (2004), “An Empirical Study on Transmission Mechanisms of Monetary Policy in Taiwan,” Central Bank of China Quarterly Bulletin, 26, 33-68. (in Chinese) | zh_TW |
| item.fulltext | With Fulltext | - |
| item.languageiso639-1 | en_US | - |
| item.openairecristype | http://purl.org/coar/resource_type/c_46ec | - |
| item.openairetype | thesis | - |
| item.grantfulltext | open | - |
| item.cerifentitytype | Publications | - |
| Appears in Collections: | 學位論文 | |
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