English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 109952/140887 (78%)
Visitors : 46345159      Online Users : 532
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/32280


    Title: A Test for the Bank Lending Channel of Monetary Policy in Taiwan
    Authors: 孫慎明
    Sun, Shen-Ming
    Contributors: 朱美麗
    孫慎明
    Sun, Shen-Ming
    Keywords: 銀行借貸管道
    Bank lending channel
    Date: 2004
    Issue Date: 2009-09-14 13:34:07 (UTC+8)
    Abstract: 本篇論文旨在探討台灣貨幣政策的銀行借貸傳遞管道,著重在銀行行為的分析,我們為銀行在借貸管道中所扮演的行為提供了一個理論的解釋架構。實證上利用共整合與衝擊反應函數分析貨幣政策的影響,結果發現因銀行會調整資產負債的組合來抵銷貨幣政策的影響,所以銀行借貸管道在台灣並不是一個重要的貨幣政策傳遞管道。
    This paper investigates the role of the bank lending channel in the monetary policy transmission process in Taiwan.
    Particularly, we provide a theoretical framework to describe the effect of banks` behaviors on the bank lending channel.
    In the empirical study, we perform cointegrated relation and impulse response to analyze the effect of monetary policy on bank loans.
    We find that a bank lending channel is not a relevant transmission mechanism of monetary policy, which can be due to banks` buffer behaviors.
    Reference: Bernanke, B. S. and A. S. Blinder (1988), “Credit, Money and Aggregate Demand”, American Economic Review, 78, 435-439.
    Bernanke, B. S. and A. S. Blinder (1992), “The Federal Funds Rate and the Transmission of Monetary Policy”, American Economic Review, 81, 901-921.
    Bernanke, B. S. and M. Gertler (1995), “Inside the Black Box: The Credit Channel of Monetary Policy Transmission”, Journal of Economic Perspectives, 9, 27-48.
    Chang, Y. (2001), The Bank Loan Channel of Monetary Policy -- An Empirical Study of Taiwan, Master’s thesis, Department of Economics, Shih Hsin University, (in Chinese).
    Engle, R. F. and C. Granger (1987), “Co-Integrated and Error Correction Model: Representation, Estimation and Testing”, Economitrica, 55, 251-276.
    Hulsewig, O., P. Winker, and A. Worms (2004), “Bank Lending in the Transmission of Monetary Policy: A VECM Analysis for Germany”, Jahrbucher fur Nationalokonomie und Statistik, 224, 511-529.
    Johansen, S. (1995), Likelihood Based Inference in Cointegrated Vector Error Correction Models, Oxford: Oxford University Press.
    Kakes, J. (2000), “Identifying the Mechanism: Is There a Bank Lending Channel of Monetary Transmission in the Netherlands?”, Applied Economics Letters, 7, 63-67.
    Kashyap, A. K. and J. C. Stein (2000), “What Do a Million Banks Have to Say about the Transmission of Monetary Policy?”, American Economic Review, 90, 407-428.
    Kashyap, A. K., J. C. Stein and D. W. Wilcox (1993), “Monetary Policy and Credit Constraints: Evidence from the Composition of External Finance”, American Economic Review, 83, 78-98.
    Kishan, R. P. and T. P. Opiela (2000), “Bank Size, Bank Capital, and the Bank Lending Channel”, Journal of Money, Credit and Banking, 32, 121-141.
    Lukepohl, H. and H. E. Reimers (1992), “Impulse Response Analysis of Cointegrated Systems”, Journal of Economic Dynamics and Control, 16, 53-78.
    Phillips, P. and P. Perron (1988), “Testing for Unit Roots in Time Series Regression”, Biometrika, 75, 335-346.
    Said, S. and D. Dickey (1984), “Testing for Unit Roots in Autoregressive Moving-Average Models with Unknown Order”, Biometrika, 71, 559-607.
    Sims, C. A. (1980), “Macroeconomics and Reality”, Econometrica, 48, 1-48.
    Stock, J. H. and M. W. Watson (1993), “A Simple Estimator of Cointegrating Vectors in Higher Order Integrated Systems”, Econometrica, 61,783-820.
    Tsaur, T. W., C. L. Lin, and M. L. Chu (1999), “The Tests of Purchasing Power Parity in Taiwan”, in Taiwan Economics Association Annual Conference: Proceedings, Taiwan Economics Association, (in Chinese).
    Zheng, H. P. (2004), The Credit Channel of Monetary Policy in Taiwan, Master’s thesis, Department of Economics, National Chengchi University, (in Chinese).
    Description: 碩士
    國立政治大學
    經濟研究所
    92258039
    93
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0922580391
    Data Type: thesis
    Appears in Collections:[經濟學系] 學位論文

    Files in This Item:

    File SizeFormat
    index.html0KbHTML2507View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏,無償提供學術研究與公眾教育等公益性使用,惟仍請適度,合理使用本網站之內容,以尊重著作權人之權益。商業上之利用,則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作,已盡力防止侵害著作權人之權益,如仍發現本網站之數位內容有侵害著作權人權益情事者,請權利人通知本網站維護人員(nccur@nccu.edu.tw),維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback