學術產出-Theses

題名 不同金融體制下房地產泡沫化對實質GDP的影響-- 以英美德日為例
作者 李文傑
貢獻者 江永裕
李文傑
關鍵詞 房地產
泡沫化
日期 2007
上傳時間 17-Sep-2009 19:05:03 (UTC+8)
摘要 本論文將兩大重要議題-房地產泡沫化以及金融體制作一個結合,目的是想詳細討論房地產泡沫影響實質部門的過程,並比較這個過程在不同金融體制下是否會有異同。我們前面先闡述理論的部份,包括房地產泡沫影響GDP的過程,以及比較兩種不同金融體制-英美和日徳-他們某些經濟特徵值的差異。後半部分則採用迴歸分析法,針對實際資料進行估計和檢定,印證理論的正確性。
參考文獻 中文部份
黃台心(2005),計量經濟學,雙葉書廊
沈中華(2005),金融市場-全球的觀點,新陸
英文部分
Abreu, D. and M. K. Brunnermeier (2003), “Bubbles and Crashes,” Econometrica,
vol. 71, no. 1,pp. 173-204.
Allen, F. and D. Gale (1998), “Bubbles and Crises,” The Economic Journal, vol. 110, no. 460, pp. 236-255.
Allen, F. and D. Gale (2001), “Comparative Financial Systems: A Survey,” Center for Financial Institutions Working Papers, no. 01-15.
Baker, D. (2002), “The Run-up in Home Prices: A Bubble,” Challenge : The Market Failures Issue, vol. 45, no. 6, November-December 2002.
Beck, T. and R. Levine (2002), “Industry Growth and Capital Allocation: Does Saving a Market- or Bank-Based System Matter?” NBER Working Papers, no. 8982.
Berger, A. N. and G. F. Udell (1994), “Did Risk-Based Capital Allocate Bank Credit and Cause a "Credit Crunch" in the United States?” Journal of Money, Credit and Banking, vol. 26, no. 3, Part 2: Federal Credit Allocation: Theory, Evidence, and History, pp. 585-628.
Bertrand, R. (1997), “The 1985 to 1994 Global Real Estate Cycle: An Overview,” Journal of Real Estate Literature, vol. 5, no. 1, pp. 13–44.
Carroll, C. D. (2004), “Housing Wealth and Consumption Expenditure,”
Unpublished Manuscript, Johns Hopkins University, January 30.
Case, K. E. and R. J. Shiller (1998), “The Behavior of Home Buyers in Boom and Post Boom Markets,” NBER Working Paper, no. 2748.
Case, K. E. and R. J. Shiller (2003), “Is There a Bubble in the Housing Market? An Analysis,” Brookings Papers on Economic Activity, vol. 2003, no. 2, pp. 299-342.
Case, K. E., J. M. Quigley and R. J. Shiller (2001), “Comparing Wealth Effects: The Stock Market Versus the Housing Market,” NBER Working Papers, no. 8606.
Case, K. E., J. M. Quigley and R. J. Shiller (2003), “Home-buyers, Housing and the Macroeconomy,” Asset Prices and Monetary Policy, ed. by Anthony Richards & Tim Robinson, Reserve Bank of Australia.
Cecchetti, S. G., H.Genberg and S. Wadhwani (2002), “Asset Prices in a Flexible Inflation Targeting Framework,” NBER Working Papers, no. 8970.
Center for Economic and Policy Research (2005), “The Housing Bubble Fact Sheet.”
Demirguc-Kunt, A. and R. Levine (1999), “Bank-based and Market-based Financial Systems: Cross-country Comparisons,” World Bank Working Paper, no. 2143.
Fama, E. F. (1981), “Stock Returns, Real Activity, Inflation, and Money,” The American Economic Review, vol. 71, no. 4, pp. 545-565.
Filardo, A. J. (2001), “Should Monetary Policy Respond to Asset Price Bubbles? Some Experimental Results,” FRB of Kansas City Working Paper, no. 01-04.
Helbling, T. F. (2003), “Housing Price Bubbles – A Tale Based on Housing Price Booms and Bursts,” BIS Papers, no. 21, pp. 30-41.
Herrera, S. and G. Perry (2001), “Tropical Bubbles: Asset Prices in Latin America, 1980-2001,” World Bank Working Paper, no. 2724.
Herring, R. J. and S. Wachter (1999), “Real Estate Booms and Banking Busts: An International Perspective,” SSRN Working Paper no. 99-27.
Levine, R. (2001), “Bank-Based or Market-Based Financial Systems: Which is Better?” William Davidson Institute Working Papers Series, no. 442.
Mishkin, F. S. and E. N. White (2002), “U.S. Stock Market Crashes and Their Aftermath Implications for Monetary Policy,” NBER Working Paper, no. 8992.
Ogawa, K. (2003), “Financial Distress and Corporate Investment: The Japanese Case in the 90s,” ISER Working Paper no. 584.
Posen, A. S. (2006), “Why Central Banks Should not Burst Bubbles,” International Finance, vol. 9, no.1, Spring 2006 , pp. 109-124.
Quan, D. C. and S. Titman (1999), “Do Real Estate Prices and Stock Prices Move Together ? An International Analysis,” Real Estate Economics, vol. 27, no. 2, pp. 183-207.
描述 碩士
國立政治大學
金融研究所
94352026
96
資料來源 http://thesis.lib.nccu.edu.tw/record/#G0094352026
資料類型 thesis
dc.contributor.advisor 江永裕zh_TW
dc.contributor.author (Authors) 李文傑zh_TW
dc.creator (作者) 李文傑zh_TW
dc.date (日期) 2007en_US
dc.date.accessioned 17-Sep-2009 19:05:03 (UTC+8)-
dc.date.available 17-Sep-2009 19:05:03 (UTC+8)-
dc.date.issued (上傳時間) 17-Sep-2009 19:05:03 (UTC+8)-
dc.identifier (Other Identifiers) G0094352026en_US
dc.identifier.uri (URI) https://nccur.lib.nccu.edu.tw/handle/140.119/34008-
dc.description (描述) 碩士zh_TW
dc.description (描述) 國立政治大學zh_TW
dc.description (描述) 金融研究所zh_TW
dc.description (描述) 94352026zh_TW
dc.description (描述) 96zh_TW
dc.description.abstract (摘要) 本論文將兩大重要議題-房地產泡沫化以及金融體制作一個結合,目的是想詳細討論房地產泡沫影響實質部門的過程,並比較這個過程在不同金融體制下是否會有異同。我們前面先闡述理論的部份,包括房地產泡沫影響GDP的過程,以及比較兩種不同金融體制-英美和日徳-他們某些經濟特徵值的差異。後半部分則採用迴歸分析法,針對實際資料進行估計和檢定,印證理論的正確性。zh_TW
dc.description.tableofcontents 第一章、緒論 1
第二章、房地產泡沫化對實質部門的影響 3
第一節 房地產表現如何影響整體經濟……………………………………4
第二節 房地產泡沫發生的原因..................................5
第三節 銀行信用緊縮造成投資減少..............................7
第四節 財富效果造成民間消費減少.............................10
第三章、不同金融體制下的差異分析 12
第一節 金融體制簡介和定義 12
第二節 不同金融體制的差異分析-英美和德日 13
第三節 小結 16
第四章、不同金融體制下房地產泡沫對實質GDP的實證影響比較 17
第一節 迴歸模型設定 17
第二節 銀行信用緊縮效果的影響比較 26
第三節 財富效果的影響比較 28
第五章、結論.......................................................31
參考文獻 33
zh_TW
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dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0094352026en_US
dc.subject (關鍵詞) 房地產zh_TW
dc.subject (關鍵詞) 泡沫化zh_TW
dc.title (題名) 不同金融體制下房地產泡沫化對實質GDP的影響-- 以英美德日為例zh_TW
dc.type (資料類型) thesisen
dc.relation.reference (參考文獻) 中文部份zh_TW
dc.relation.reference (參考文獻) 黃台心(2005),計量經濟學,雙葉書廊zh_TW
dc.relation.reference (參考文獻) 沈中華(2005),金融市場-全球的觀點,新陸zh_TW
dc.relation.reference (參考文獻) 英文部分zh_TW
dc.relation.reference (參考文獻) Abreu, D. and M. K. Brunnermeier (2003), “Bubbles and Crashes,” Econometrica,zh_TW
dc.relation.reference (參考文獻) vol. 71, no. 1,pp. 173-204.zh_TW
dc.relation.reference (參考文獻) Allen, F. and D. Gale (1998), “Bubbles and Crises,” The Economic Journal, vol. 110, no. 460, pp. 236-255.zh_TW
dc.relation.reference (參考文獻) Allen, F. and D. Gale (2001), “Comparative Financial Systems: A Survey,” Center for Financial Institutions Working Papers, no. 01-15.zh_TW
dc.relation.reference (參考文獻) Baker, D. (2002), “The Run-up in Home Prices: A Bubble,” Challenge : The Market Failures Issue, vol. 45, no. 6, November-December 2002.zh_TW
dc.relation.reference (參考文獻) Beck, T. and R. Levine (2002), “Industry Growth and Capital Allocation: Does Saving a Market- or Bank-Based System Matter?” NBER Working Papers, no. 8982.zh_TW
dc.relation.reference (參考文獻) Berger, A. N. and G. F. Udell (1994), “Did Risk-Based Capital Allocate Bank Credit and Cause a "Credit Crunch" in the United States?” Journal of Money, Credit and Banking, vol. 26, no. 3, Part 2: Federal Credit Allocation: Theory, Evidence, and History, pp. 585-628.zh_TW
dc.relation.reference (參考文獻) Bertrand, R. (1997), “The 1985 to 1994 Global Real Estate Cycle: An Overview,” Journal of Real Estate Literature, vol. 5, no. 1, pp. 13–44.zh_TW
dc.relation.reference (參考文獻) Carroll, C. D. (2004), “Housing Wealth and Consumption Expenditure,”zh_TW
dc.relation.reference (參考文獻) Unpublished Manuscript, Johns Hopkins University, January 30.zh_TW
dc.relation.reference (參考文獻) Case, K. E. and R. J. Shiller (1998), “The Behavior of Home Buyers in Boom and Post Boom Markets,” NBER Working Paper, no. 2748.zh_TW
dc.relation.reference (參考文獻) Case, K. E. and R. J. Shiller (2003), “Is There a Bubble in the Housing Market? An Analysis,” Brookings Papers on Economic Activity, vol. 2003, no. 2, pp. 299-342.zh_TW
dc.relation.reference (參考文獻) Case, K. E., J. M. Quigley and R. J. Shiller (2001), “Comparing Wealth Effects: The Stock Market Versus the Housing Market,” NBER Working Papers, no. 8606.zh_TW
dc.relation.reference (參考文獻) Case, K. E., J. M. Quigley and R. J. Shiller (2003), “Home-buyers, Housing and the Macroeconomy,” Asset Prices and Monetary Policy, ed. by Anthony Richards & Tim Robinson, Reserve Bank of Australia.zh_TW
dc.relation.reference (參考文獻) Cecchetti, S. G., H.Genberg and S. Wadhwani (2002), “Asset Prices in a Flexible Inflation Targeting Framework,” NBER Working Papers, no. 8970.zh_TW
dc.relation.reference (參考文獻) Center for Economic and Policy Research (2005), “The Housing Bubble Fact Sheet.”zh_TW
dc.relation.reference (參考文獻) Demirguc-Kunt, A. and R. Levine (1999), “Bank-based and Market-based Financial Systems: Cross-country Comparisons,” World Bank Working Paper, no. 2143.zh_TW
dc.relation.reference (參考文獻) Fama, E. F. (1981), “Stock Returns, Real Activity, Inflation, and Money,” The American Economic Review, vol. 71, no. 4, pp. 545-565.zh_TW
dc.relation.reference (參考文獻) Filardo, A. J. (2001), “Should Monetary Policy Respond to Asset Price Bubbles? Some Experimental Results,” FRB of Kansas City Working Paper, no. 01-04.zh_TW
dc.relation.reference (參考文獻) Helbling, T. F. (2003), “Housing Price Bubbles – A Tale Based on Housing Price Booms and Bursts,” BIS Papers, no. 21, pp. 30-41.zh_TW
dc.relation.reference (參考文獻) Herrera, S. and G. Perry (2001), “Tropical Bubbles: Asset Prices in Latin America, 1980-2001,” World Bank Working Paper, no. 2724.zh_TW
dc.relation.reference (參考文獻) Herring, R. J. and S. Wachter (1999), “Real Estate Booms and Banking Busts: An International Perspective,” SSRN Working Paper no. 99-27.zh_TW
dc.relation.reference (參考文獻) Levine, R. (2001), “Bank-Based or Market-Based Financial Systems: Which is Better?” William Davidson Institute Working Papers Series, no. 442.zh_TW
dc.relation.reference (參考文獻) Mishkin, F. S. and E. N. White (2002), “U.S. Stock Market Crashes and Their Aftermath Implications for Monetary Policy,” NBER Working Paper, no. 8992.zh_TW
dc.relation.reference (參考文獻) Ogawa, K. (2003), “Financial Distress and Corporate Investment: The Japanese Case in the 90s,” ISER Working Paper no. 584.zh_TW
dc.relation.reference (參考文獻) Posen, A. S. (2006), “Why Central Banks Should not Burst Bubbles,” International Finance, vol. 9, no.1, Spring 2006 , pp. 109-124.zh_TW
dc.relation.reference (參考文獻) Quan, D. C. and S. Titman (1999), “Do Real Estate Prices and Stock Prices Move Together ? An International Analysis,” Real Estate Economics, vol. 27, no. 2, pp. 183-207.zh_TW