English  |  正體中文  |  简体中文  |  全文筆數/總筆數 : 49521/84657 (58%)
造訪人次 : 7596442      線上人數 : 86
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: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/79684


    題名: Bank Capital Regulation in a Cap Option Framework
    作者: Tsai, Jeng-Yan;Hung, Wei-Ming
    貢獻者: 淡江大學國際企業學系
    關鍵詞: Cap options;Capital regulation;Bank interest margin;Equity volatility;Default risk
    日期: 201301
    上傳時間: 2013-01-08 22:39:33 (UTC+8)
    出版者: Amsterdam: Elsevier BV * North-Holland
    摘要: Synergy-banking management under capital regulation is done through a gluing together of lending and deposit-taking. Under this viewpoint, we argue that the cap options theory of corporate security valuation can be applied to the contingent claims of the synergy-banking firm. The equity holders of the bank own a cap option on the bank equity return which can be considered against their expected investment opportunity costs captured by the cap rates. We show that an increase in the cap rate increases the risky loans held by the bank at a lower interest margin, and then increases the equity risk and the default risk of equity. An increase in the capital-to-deposits ratio decreases the risky loans held by the bank at an increased margin, and decreases the bank's equity risk and the default probability in the bank's equity. Capital regulation as such makes the bank more prudent and less prone to risk-taking, thereby contributing to the stability of the banking system. Our findings may support increased capital requirements in the spirit of the Dodd–Frank Act of the Basel Accord (Eubanks, 2010).
    關聯: International Review of Economics & Finance 25, pp.66–74
    DOI: 10.1016/j.iref.2012.05.002
    顯示於類別:[國際企業學系暨研究所] 期刊論文

    文件中的檔案:

    檔案 描述 大小格式瀏覽次數
    index.html0KbHTML196檢視/開啟

    在機構典藏中所有的資料項目都受到原著作權保護.

    TAIR相關文章

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