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    题名: 貨幣政策對日本銀行業貸款組合之影響
    Bank loan portfolios and monetary transmission mechanism：a VAR model for the Japanese economy
    作者: 詹詠翔
    Chan, Yung-Shiang
    贡献者: 蕭明福
    Shaw, Ming-Fu
    詹詠翔
    Chan, Yung-Shiang
    关键词: 銀行放款組合
    貨幣傳導機制
    金融加速機制
    貨幣傳導機制
    Monetary Transmission Mechanism
    Bank Loan Portfolio
    Credit Channel
    Financial Accelerator Mechanism
    日期: 2017
    上传时间: 2017-06-01 09:55:03 (UTC+8)
    摘要: 本文主要研究日本央行實施緊縮性貨幣政策時，日本銀行業貸款組合變動與對實質經濟影響之關係，透過比較貨幣性衝擊、單純產出衰退及總和需求衰退對於銀行貸款組合的影響，以分析銀行在貨幣政策所發揮的功能。經VAR模型實證結果顯示，日本國內貨幣緊縮會使短期實質產出衰退、價格上升；銀行對於家計部門消費信用以及購屋貸款的放款減少、對企業的放款則增加。進一步檢驗不同規模企業貸款發現，銀行對大型企業的放款較為寬鬆，而對於中小企業的放款增幅較不明顯。另一方面，考慮信用標準擴散指數的VAR模型分析發現，日本國內的貨幣緊縮政策使銀行對於家計單位信用標準趨於嚴格的程度最大，再來依序為中型企業、小型企業及大型企業。這些實證結果支持銀行信用管道的存在，也說明銀行在貨幣傳遞機制中扮演重要的角色。
    The paper mainly studies the relationship between the change of Japanese bank loan portfolios and its substantial effect on economy during implementation of monetary tightening policy by Japan authority. Through comparison of monetary impacts, as well as the effects of the downturns in both output and real demand on bank loan portfolios, with the downturns are generated in a way that they produce the same dynamic real output and final demand path as that from a monetary downturn. The empirical results of VAR model reveal that the domestic monetary tightening in Japan would cause decrease in short-term real output and price level rise. General banks offer less consumption credits and house loans for households, but turn to increase loans for enterprises. When further examining the loans for enterprises of different scales, the paper finds that the banks take a looser attitude in offering loans to large-scale enterprises than to small and medium enterprises (SMEs), whose loans seem to have insignificant increase. On the other hand, after analysis of VAR model that considers the credit standard diffusion index, it is found that because of the domestic monetary tightening policy of Japan, the banks’ practices in their offer of credits appear to be strictest to households, and then less strict to SMEs and large enterprises. These facts prove the existence of credit channels of banks, and show the important roles that banks take in monetary transmission mechanism.
    參考文獻: 吳懿娟 (2004)，「我國貨幣政策傳遞機制之實證分析」，《中央銀行季刊》，26卷4期，33-68。
    李博 (2010)，「簡論日本主銀行制度的變化」，《日本學刊》，第3期，77-90。
    汪建南與李光輝 (2004)，「我國貨幣政策操作及傳遞機制之實證分析」，《中央銀行季刊》，26卷3期，17-56。
    林文斌 (2008)，「日本金融制度之變遷：當發展型國家不再「發展」」，《問題與研究》，48卷1期，71-95。
    侯德潛與吳懿娟 (2010)，「金融危機與當代經濟理論的省思」，《全球金融危機專輯》，255-272。
    郭碧雲與陳錦村 (2012)，「銀行的所有權類型對借款企業多重往來關係之影響–以台灣的微小型企業與中大型企業為例」，《經濟論文》，第40卷第1期，111-161。
    陳旭昇 (2013)，《時間序列分析–總體經濟與財務金融之應用》，第二版，東華書局。
    陳南光 (2013)，《貨幣銀行學–理論與應用》，第一版，雙葉書廊。
    黃朝熙與于立宣 (2014)，¬「銀行放款行為與貨幣傳導信用管道：台灣的實證證據」，《經濟論文叢刊》，43卷2期，219-242。
    劉兆隆 (2007)，「日本企業融資與治理結構的分析」，《全球政治評論》，第20期，25-52。
    蔡增家 (2003)，「日本銀行體系之政治經濟分析–從政府、企業、銀行與交叉持股觀察」，《問題與研究》，42卷2期，55-78。

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    描述: 碩士
    國立政治大學
    經濟學系
    104258031
    資料來源: http://thesis.lib.nccu.edu.tw/record/#G0104258031
    数据类型: thesis
    显示于类别:[經濟學系] 學位論文

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