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題名 台灣進入已開發國家之有價證券借貸系統之發展
Securities lending and Taiwan’s goal of achieving developed market status
作者 陳歷世
Cottorone, Chris
貢獻者 扈企平
Hu, Joseph
陳歷世
Cottorone, Chris
關鍵詞 有價證券借貸系統
日期 2009
上傳時間 8-Apr-2010 17:00:13 (UTC+8)
摘要 台灣進入已開發國家之有價證券借貸系統之發展
None
參考文獻 Asian Development Bank (1999). Rising to the Challenge in Asia: A Study of Financial Markets. Vol 1. Manila: ADB.
Burke, K., Martello, G. (1997) The Evolution of Securities Lending, in Fabozzi. F., ed. (1997). Securities Lending and Repurchase Agreements. New Hope, PA: Frank J. Fabozzi Associates.
Chen, I.Y.J. (2008). Current SBL Mechanism in Taiwan. Taiwan Stock Exchange Presentation Delivered on January 24, 2008.
Choudhry, M. (2006). An Introduction to Repo Markets. Third Edition. West Sussex, England: John Wiley & Sons.
Clunie, J. “Market imperfections, securities lending, and short selling”. Journal of Financial Transformation.
Data Explorers. (2008). The State of Our Industry. Corporate Presentation Delivered on October 15, 2008.
Davies, P. “Former Wall Street Workers To Face Charges in Brooklyn”. Wall Street Journal. September 21, 2007.
eSecLending Corporate Website (2009). URL: http://www.eseclending.com
Fabozzi, F., ed. (1997). Securities Lending and Repurchase Agreements. New Hope, PA: Frank J. Fabozzi Associates.
Faulkner, M., Stopford Sackville, C.L. (1997). Finding A Route to Market: An Institutional Guide to the Securities Lending Labyrinth, in Fabozzi. F., ed. (1997). Securities Lending and Repurchase Agreements. New Hope, PA: Frank J. Fabozzi Associates.
Faulkner, M. (2004) An Introduction to Securities Lending. ISLA.
Faulkner, M. (2008). Securities Lending & Corporate Governance. ISLA.
FTSE Group. FTSE Global Equity Index Series Country Classification. September 2008.
FTSE Group. FTSE 2008 Annual Classification Changes. 2008.
Heath, R. Asia-Pac Securities Lending: Obstacles. Securities Industry News. September 20, 2004. p. 14-17.
Huang, B.L. (2006). Introduction to Securities Borrowing and Lending. Taiwan Stock Exchange Presentation Delivered on January 16, 2006.
ISLA. (2008). Securities Lending and Short Selling. Position Paper.
Lesova, P. (2008). FTSE promotes South Korea to developed market. MarketWatch. September 18, 2008.
Liu. P. MSCI Announces Candidacy of Taiwan for Developed Market Status. CENS. June 17, 2009.
Miller, K.A. (1997) The US Dollar Repo Market, in Fabozzi. F., ed. (1997). Securities Lending and Repurchase Agreements. New Hope, PA: Frank J. Fabozzi Associates.
Ministry of Finance issues new tax measures for securities lending system. Securities and Futures Bureau Newsletter. October 1, 2007.
OECD (2005). European Central Bank, 2004, Annual Report: 2004, ECB, Frankfurt, Glossary. July 13, 2005.
Ofek, E., Richardson, M., and Whitelaw, R. (2003). Limited arbitrage and short sales restrictions: Evidence from the options markets. Journal of Financial Economics.
Raaijmakers, Geert TMJ. (2005). Securities Lending and Corporate Governance. Maastricht University Faculty of Law, the Netherlands.
RPT-Taiwan re-imposes short-selling ban on 150 stocks. Reuters. September 21, 2008.
Rule, D. (2008). On Loans: An Overview of the Securities Lending Market. Canadian Investment Review. Fall 2008.
S. Korea, Taiwan miss FTSE upgrade again. Reuters. September 21, 2007.
Securities Lending, Liquidity and Capital-Based Finance. State Street White Paper. December 2001.
“Securities Lending Roundtable: Health Check for a Market in Fever”. Financial Times. October 27, 2008.
Semkow, B.W. (1994). Taiwan’s Capital Market Reform: The Financial and Legal Issues. Claredon Press: Oxford.
Spitalfields Advisors. (2009) Securities Lending Yearbook 2008. London.
State Street’s Financial Digest of Securities Lending. State Street Corp. 2005.
TSEC lifts restrictions on Securities Borrowing & Lending. Taiwan Stock Exchange Press Release. May 17, 2005.
Yang, L.C. (2008). An Overview of SBL Development in Taiwan. Taiwan Stock Exchange Presentation Delivered on January 24, 2008.
Yang, L.C. (2008). The Taiwan SBL Market. Taiwan Stock Exchange Presentation Delivered on March 13, 2008.
Yang, L.C. (2009). The Taiwan SBL Market. Taiwan Stock Exchange Presentation Delivered on March 5, 2009.
描述 碩士
國立政治大學
國際經營管理碩士班(IMBA)
93933036
98
資料來源 http://thesis.lib.nccu.edu.tw/record/#G0093933036
資料類型 thesis
dc.contributor.advisor 扈企平zh_TW
dc.contributor.advisor Hu, Josephen_US
dc.contributor.author (Authors) 陳歷世zh_TW
dc.contributor.author (Authors) Cottorone, Chrisen_US
dc.creator (作者) 陳歷世zh_TW
dc.creator (作者) Cottorone, Chrisen_US
dc.date (日期) 2009en_US
dc.date.accessioned 8-Apr-2010 17:00:13 (UTC+8)-
dc.date.available 8-Apr-2010 17:00:13 (UTC+8)-
dc.date.issued (上傳時間) 8-Apr-2010 17:00:13 (UTC+8)-
dc.identifier (Other Identifiers) G0093933036en_US
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/38428-
dc.description (描述) 碩士zh_TW
dc.description (描述) 國立政治大學zh_TW
dc.description (描述) 國際經營管理碩士班(IMBA)zh_TW
dc.description (描述) 93933036zh_TW
dc.description (描述) 98zh_TW
dc.description.abstract (摘要) 台灣進入已開發國家之有價證券借貸系統之發展zh_TW
dc.description.abstract (摘要) Noneen_US
dc.description.tableofcontents Acknowledgements
I. Overview and Purpose of Paper……………………………………………….5
Thesis Structure
II. Review of Related Literature…………………………………………………..7
III. Securities Lending and Mechanisms…………………………………………..8
What is Securities Lending?
Origins of Securities Lending
Types of Securities Lending Transactions
Repo
Motivations for Borrowing Securities
Securities Lenders and Intermediaries
Securities Lending Portfolios
Electronic Securities Lending
IV. The Debate on Securities Lending and Short Selling…………………………16
Securities Lending, Short-selling and the Global Financial Crisis
Role of Securities Lending
Bans on Short-selling in the Aftermath of the Global Financial Crisis
Market Myths
V. Securities Lending and its Impact on Global Capital Markets ……………….20
Securities Lending as Part of Capital-based Market Finance
Securities Lending and Liquidity
VI. Taiwan and the Development of an SBL System……………………………..23
Securities Lending and Taiwan’s “SBL”
Recognizing Initial Taiwan SBL Drawbacks
Formation of Taiwan’s SBL: Margin Trading Status Begins in Taiwan
Taiwan’s SBL System is launched
Transaction Types in Taiwan’s SBL System
Future prospects for Taiwan’s SBL System
Taiwan and the FTSE
Recent Developments in Taiwan’s Goal of Developed Market Status
VII. Conclusions and Recommendations………………………………………….31
References………………………………………………………………………….35
Appendix…………………………………………………………………………. 38
zh_TW
dc.format.extent 440623 bytes-
dc.format.mimetype application/pdf-
dc.language.iso en_US-
dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0093933036en_US
dc.subject (關鍵詞) 有價證券借貸系統zh_TW
dc.title (題名) 台灣進入已開發國家之有價證券借貸系統之發展zh_TW
dc.title (題名) Securities lending and Taiwan’s goal of achieving developed market statusen_US
dc.type (資料類型) thesisen
dc.relation.reference (參考文獻) Asian Development Bank (1999). Rising to the Challenge in Asia: A Study of Financial Markets. Vol 1. Manila: ADB.zh_TW
dc.relation.reference (參考文獻) Burke, K., Martello, G. (1997) The Evolution of Securities Lending, in Fabozzi. F., ed. (1997). Securities Lending and Repurchase Agreements. New Hope, PA: Frank J. Fabozzi Associates.zh_TW
dc.relation.reference (參考文獻) Chen, I.Y.J. (2008). Current SBL Mechanism in Taiwan. Taiwan Stock Exchange Presentation Delivered on January 24, 2008.zh_TW
dc.relation.reference (參考文獻) Choudhry, M. (2006). An Introduction to Repo Markets. Third Edition. West Sussex, England: John Wiley & Sons.zh_TW
dc.relation.reference (參考文獻) Clunie, J. “Market imperfections, securities lending, and short selling”. Journal of Financial Transformation.zh_TW
dc.relation.reference (參考文獻) Data Explorers. (2008). The State of Our Industry. Corporate Presentation Delivered on October 15, 2008.zh_TW
dc.relation.reference (參考文獻) Davies, P. “Former Wall Street Workers To Face Charges in Brooklyn”. Wall Street Journal. September 21, 2007.zh_TW
dc.relation.reference (參考文獻) eSecLending Corporate Website (2009). URL: http://www.eseclending.comzh_TW
dc.relation.reference (參考文獻) Fabozzi, F., ed. (1997). Securities Lending and Repurchase Agreements. New Hope, PA: Frank J. Fabozzi Associates.zh_TW
dc.relation.reference (參考文獻) Faulkner, M., Stopford Sackville, C.L. (1997). Finding A Route to Market: An Institutional Guide to the Securities Lending Labyrinth, in Fabozzi. F., ed. (1997). Securities Lending and Repurchase Agreements. New Hope, PA: Frank J. Fabozzi Associates.zh_TW
dc.relation.reference (參考文獻) Faulkner, M. (2004) An Introduction to Securities Lending. ISLA.zh_TW
dc.relation.reference (參考文獻) Faulkner, M. (2008). Securities Lending & Corporate Governance. ISLA.zh_TW
dc.relation.reference (參考文獻) FTSE Group. FTSE Global Equity Index Series Country Classification. September 2008.zh_TW
dc.relation.reference (參考文獻) FTSE Group. FTSE 2008 Annual Classification Changes. 2008.zh_TW
dc.relation.reference (參考文獻) Heath, R. Asia-Pac Securities Lending: Obstacles. Securities Industry News. September 20, 2004. p. 14-17.zh_TW
dc.relation.reference (參考文獻) Huang, B.L. (2006). Introduction to Securities Borrowing and Lending. Taiwan Stock Exchange Presentation Delivered on January 16, 2006.zh_TW
dc.relation.reference (參考文獻) ISLA. (2008). Securities Lending and Short Selling. Position Paper.zh_TW
dc.relation.reference (參考文獻) Lesova, P. (2008). FTSE promotes South Korea to developed market. MarketWatch. September 18, 2008.zh_TW
dc.relation.reference (參考文獻) Liu. P. MSCI Announces Candidacy of Taiwan for Developed Market Status. CENS. June 17, 2009.zh_TW
dc.relation.reference (參考文獻) Miller, K.A. (1997) The US Dollar Repo Market, in Fabozzi. F., ed. (1997). Securities Lending and Repurchase Agreements. New Hope, PA: Frank J. Fabozzi Associates.zh_TW
dc.relation.reference (參考文獻) Ministry of Finance issues new tax measures for securities lending system. Securities and Futures Bureau Newsletter. October 1, 2007.zh_TW
dc.relation.reference (參考文獻) OECD (2005). European Central Bank, 2004, Annual Report: 2004, ECB, Frankfurt, Glossary. July 13, 2005.zh_TW
dc.relation.reference (參考文獻) Ofek, E., Richardson, M., and Whitelaw, R. (2003). Limited arbitrage and short sales restrictions: Evidence from the options markets. Journal of Financial Economics.zh_TW
dc.relation.reference (參考文獻) Raaijmakers, Geert TMJ. (2005). Securities Lending and Corporate Governance. Maastricht University Faculty of Law, the Netherlands.zh_TW
dc.relation.reference (參考文獻) RPT-Taiwan re-imposes short-selling ban on 150 stocks. Reuters. September 21, 2008.zh_TW
dc.relation.reference (參考文獻) Rule, D. (2008). On Loans: An Overview of the Securities Lending Market. Canadian Investment Review. Fall 2008.zh_TW
dc.relation.reference (參考文獻) S. Korea, Taiwan miss FTSE upgrade again. Reuters. September 21, 2007.zh_TW
dc.relation.reference (參考文獻) Securities Lending, Liquidity and Capital-Based Finance. State Street White Paper. December 2001.zh_TW
dc.relation.reference (參考文獻) “Securities Lending Roundtable: Health Check for a Market in Fever”. Financial Times. October 27, 2008.zh_TW
dc.relation.reference (參考文獻) Semkow, B.W. (1994). Taiwan’s Capital Market Reform: The Financial and Legal Issues. Claredon Press: Oxford.zh_TW
dc.relation.reference (參考文獻) Spitalfields Advisors. (2009) Securities Lending Yearbook 2008. London.zh_TW
dc.relation.reference (參考文獻) State Street’s Financial Digest of Securities Lending. State Street Corp. 2005.zh_TW
dc.relation.reference (參考文獻) TSEC lifts restrictions on Securities Borrowing & Lending. Taiwan Stock Exchange Press Release. May 17, 2005.zh_TW
dc.relation.reference (參考文獻) Yang, L.C. (2008). An Overview of SBL Development in Taiwan. Taiwan Stock Exchange Presentation Delivered on January 24, 2008.zh_TW
dc.relation.reference (參考文獻) Yang, L.C. (2008). The Taiwan SBL Market. Taiwan Stock Exchange Presentation Delivered on March 13, 2008.zh_TW
dc.relation.reference (參考文獻) Yang, L.C. (2009). The Taiwan SBL Market. Taiwan Stock Exchange Presentation Delivered on March 5, 2009.zh_TW