Please use this identifier to cite or link to this item: https://ah.nccu.edu.tw/handle/140.119/32269


Title: The Effects of Credit Channel in a Small Open Economy with Perfect Capital Mobility
Authors: 劉俊麟
LIU, CHUN LIN
Contributors: 朱美麗
劉俊麟
LIU, CHUN LIN
Keywords: Credit Channel
Bank Lending Channel
Credit Market
Open Economy
Date: 2005
Issue Date: 2009-09-14 13:32:39 (UTC+8)
Abstract: The credit channel literature has made great strides in recent years, however, much of the literature to date has focused largely on the closed economy. Even some of the literatures are in a framework of an open economy, they only concentrate on the fixed or a quasi-fixed exchange rate regime. Therefore, the aim of this paper is to complete the theoretical framework by extending the Bernanke and Blinder model to the case of an open economy under a floating exchange rate regime. We find that the exchange rates puzzle takes place in our model when the influence from credit channels is very significant. We further to compare the credit channel effects under different models. Moreover, we adopt a cointegration analysis to study the credit channel effect, and the empirical evidences show that the credit channels exist in Taiwan for the sample period during November 1991 to January 2005.
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Description: 碩士
國立政治大學
經濟研究所
92258017
94
Source URI: http://thesis.lib.nccu.edu.tw/record/#G0922580171
Data Type: thesis
Appears in Collections:[經濟學系] 學位論文

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