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| 研究生： |
孫慎明 Sun, Shen-Ming |
|---|---|
| 論文名稱： |
A Test for the Bank Lending Channel of Monetary Policy in Taiwan |
| 指導教授： | 朱美麗 |
| 學位類別： |
碩士
Master |
| 系所名稱： |
社會科學學院 - 經濟學系 Department of Economics |
| 論文出版年： | 2005 |
| 畢業學年度： | 93 |
| 語文別： | 英文 |
| 論文頁數： | 30 |
| 中文關鍵詞： | 銀行借貸管道 |
| 外文關鍵詞： | Bank lending channel |
| 相關次數： | 點閱：164 下載：0 |
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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.
Contents
Chapter 1 Introduction 1
Chapter 2 Literature Review 3
Chapter 3 Model 7
3.1 Monetary Transmission and Bank Lending 7
3.2 Theoretical Model 8
Chapter 4 Empirical Analysis 13
4.1 Definition of Variables 13
4.2 Empirical Methodology 14
4.3 Empirical Results 18
Chapter 5 Conclusion 26
Reference 28
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