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    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.
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    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.
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    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

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