| dc.contributor | 財政系 | en_US |
| dc.creator (作者) | 王智賢 | zh_TW |
| dc.creator (作者) | Lin, Mei-Yin;Hsu, Hanyu;Wang, Jue-Shyan | en_US |
| dc.date (日期) | 2013.09 | en_US |
| dc.date.accessioned | 9-十二月-2013 11:46:59 (UTC+8) | - |
| dc.date.available | 9-十二月-2013 11:46:59 (UTC+8) | - |
| dc.date.issued (上傳時間) | 9-十二月-2013 11:46:59 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/62276 | - |
| dc.description.abstract (摘要) | The rate corridor regime, relying on lending and deposit facilities to set ceilings and floors for interbank overnight rates, has been practiced by many central banks. This paper modifies the theoretical model proposed by Bech and Klee (2011) to discuss the seller’s bargaining power in Taiwan interbank overnight market under rate corridor system. We apply two-limit Tobit model to estimate the bargaining power. The empirical results show that the repo rate, policy indicator and index for reserves concentration have significantly positive relationship with seller’s bargaining power. Meanwhile, the results imply that the interbank overnight rates rise with these three variables. The conclusions could be clearly observed from the predictions on the paths of the interbank overnight rate under various scenarios. | en_US |
| dc.format.extent | 1271458 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.language.iso | en_US | - |
| dc.relation (關聯) | International Journal of Economics and Finance, 5(9), 50-58 | en_US |
| dc.subject (關鍵詞) | interbank overnight market;bargaining power;Tobit Model | en_US |
| dc.title (題名) | The Bargaining Power in Taiwan Interbank Overnight Market | en_US |
| dc.type (資料類型) | article | en |
| dc.identifier.doi (DOI) | 10.5539/ijef.v5n9p50 | en_US |
| dc.doi.uri (DOI) | http://dx.doi.org/10.5539/ijef.v5n9p50 | en_US |
