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    政大機構典藏 > 商學院 > 財務管理學系 > 學位論文 >  Item 140.119/146284
    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/146284

    Title: 中央銀行於特定地區實施LTV上限政策對房市價格之影響
    The Impact of Selective Credit Controls on House Price Implemented by the Central Bank of Taiwan on the Specific Policy Area
    Authors: 朱冠穎
    Chu, Kuan-Ying
    Contributors: 陳明吉
    Chen, Ming-Chi
    Chu, Kuan-Ying
    Keywords: 針對性總體審慎政策
    Targeted Macroprudential Policy
    Selective Credit Controls
    Regression Discontinuity Design
    Spillover effect
    Date: 2023
    Issue Date: 2023-08-02 12:59:08 (UTC+8)
    Abstract: 本研究旨在探討央行對特定地區所實施的選擇性信用管制政策(即貸款成數上限緊縮政策)是否為有效的管制政策,本研究所包含之樣本地區遍及全台,並依據政策形式將樣本地區劃分成政策實施區以及非政策實施區。研究期間為2010年1月至2016年12月,一共84期。
    The aim of this study is to investigate whether the selective credit controls on house price implemented by the central bank of Taiwan in specific regions are effective. The sample areas included in this study span across Taiwan and are divided into policy areas, non-policy areas, and quasi-policy areas based on the form of policies. The study period is from January 2010 to December 2016.
    In terms of the effectiveness of housing market control policies, results of the policy areas show that there are suppressing effect on house prices. When examining the spillover effects of house prices in non-policy areas, the results indicate the presence of spillover effect. This study also extends to explore the motives behind the expansion of the implementation area, whether it is a proactive measure or a remedial action. Since the house prices in the areas rose before being included in the implementation zone, it can be concluded that the expansion of the implementation area in both cases was a remedial action.
    Based on the empirical analysis above, the tightening of loan-to-value (LTV) limits implemented from 2010 to 2014 showed a statistically significant downward break on house prices in the policy areas. At the same time, it was also observed that when only specific areas were subjected to housing price controls, the spillover effects of house prices existed, although the direction of the effects was not necessarily the same.
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    Description: 碩士
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0110357021
    Data Type: thesis
    Appears in Collections:[財務管理學系] 學位論文

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