A Note on the Emergency Homeowners' Loan Program: Modeling Bank Equity Volatility

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 987654321/79688

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題名:	A Note on the Emergency Homeowners' Loan Program: Modeling Bank Equity Volatility
作者:	Tsai, Jeng-Yan
貢獻者:	淡江大學國際企業學系
關鍵詞:	Emergency homeowners' loan program;interest margin;bank equity volatility;housing market
日期:	2012-06
上傳時間:	2013-01-08 22:49:46 (UTC+8)
出版者:	新北市：淡江大學
摘要:	Previous research on housing policy has emphasized helping homeowners meet their mortgage payments. No attempt was made to explicitly analyze the risk characteristics of financial lender assets. The aim of this paper is to model bank lending explicitly and calculate the loan-risk volatility and sensitivity of the bank's return with the Emergency Homeowners' Loan Program (EHLP). A simulation exercise shows that an increase in the income assistance from the EHLP results in a reduced interest margin and volatility of the bank's return. The effectiveness of the mortgage assistance policy may capture the decreasing default of the bank, and increase the scale of the loans needed by borrowers.
關聯:	International Journal of Information and Management Sciences 23(2), pp.149-157
DOI:	10.6186/IJIMS.2012.23.2.2
顯示於類別:	[國際企業學系暨研究所] 期刊論文

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