Municipal bond insurance, capital regulation and optimal bank interest margin: an option-based optimization

淡江大學機構典藏 > 商管學院 > 國際企業學系暨研究所 > 期刊論文 > Item 987654321/24408

jsp.display-item.identifier=請使用永久網址來引用或連結此文件: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/24408

题名:	Municipal bond insurance, capital regulation and optimal bank interest margin: an option-based optimization
作者:	Pao, Shih-heng
贡献者:	淡江大學國際貿易學系暨國際企業研究所
关键词:	Municipal bond insurance;capital-to-deposits ratio;bank interest margins
日期:	2006-07
上传时间:	2009-11-30 18:20:40 (UTC+8)
出版者:	New Delhi: TARU Publications
摘要:	Nanda and Singh (2004) explained why municipal bonds are often issued with prepackaged insurance. We further propose an option-based model that examines the relationships among municipal bonds issued with prepackaged insurance, capital insurance, and optimal bank interest margins. Under the negative(positive) elasticity effect, both the optimal loan and deposit rates are positively related to the cost of the municipal bond insurance (the capital regulation). We argue that municipal bond insurance and capital regulation can add/deduct the optimal bank interest margins (and thus bank profits). Our findings provide alternative explanations for the theoretical evidence concerning bond insurance behavior.
關聯:	Journal of Statistics & Management Systems 9(2), pp.413-425
DOI:	10.1080/09720510.2006.10701214
显示于类别:	[國際企業學系暨研究所] 期刊論文

文件中的档案:

档案	描述	大小	格式	浏览次数
index.html		0Kb	HTML	132	检视/开启
Municipal bond insurance, capital regulation and optimal bank interest margin an option-based optimization.pdf		175Kb	Adobe PDF	68	检视/开启

在機構典藏中所有的数据项都受到原著作权保护.

TAIR相关文章