English  |  正體中文  |  简体中文  |  全文筆數/總筆數 : 60925/93621 (65%)
造訪人次 : 1252965      線上人數 : 14
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library & TKU Library IR team.
搜尋範圍 查詢小技巧:
  • 您可在西文檢索詞彙前後加上"雙引號",以獲取較精準的檢索結果
  • 若欲以作者姓名搜尋,建議至進階搜尋限定作者欄位,可獲得較完整資料
  • 進階搜尋
    請使用永久網址來引用或連結此文件: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/19131

    題名: International diversification puzzle: optimal bank interest margin and risk aversion
    作者: 林志鴻;Lin, Jyh-horng;Mingxin Jiang;Yeh-Fui Fey
    貢獻者: 淡江大學國際貿易學系暨國際企業研究所
    日期: 2005-07-01
    上傳時間: 2009-10-23 16:42:17 (UTC+8)
    出版者: Analytic Publishing Co
    摘要: This paper explores international lending and its diversification puzzle by analyzing the risk aversion effects on optimal bank interest margin decisions based on a model under exchange-rate risk. The optimal loan portfolio consists of three alternative contracts (domestic loan only, foreign loan only, and some combination of the two), and hence the international diversification puzzle in Baxter and Jermann’s sense (1997) reveals. The nonlinear preference effects on optimal loan-rate decisions depend on the optimal composition of the loan portfolio. For a bank facing exchange-rate risk, the optimal deposit rate is higher when the bank is risk averse than when the bank is risk neutral. Our findings provide an alternative explanation for bank spread behavior and international diversification puzzle.
    關聯: Journal of statistics & management systems 8(2), pp.387-404
    DOI: 10.1080/09720510.2005.10701166
    顯示於類別:[國際企業學系暨研究所] 期刊論文


    檔案 大小格式瀏覽次數



    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library & TKU Library IR teams. Copyright ©   - 回饋