結論可以分成主要四個部分:(1)當政府採取交換不良資產的援助方案,增加不良資產的交換比例時,銀行的權益報酬違約風險將會降低。(2)當政府採取直接資金挹注,增加資金挹注的比例時,銀行的權益報酬違約風險將會降低。(3)當政府採取交換不良資產的援助方案,增加不良資產的交換比例時,銀行的權益報酬風險水平將會降低。(4) 當政府採取直接資金挹注,增加資金挹注的比例時,銀行的權益報酬風險水平將會降低。綜合以上論述,TARP確實能有效降低違約風險和權益報酬風險,銀行會將把放款利率調升,不但提高本身的利潤,也可以讓銀行經營情況獲得改善,銀行也會把抵押貸款的利率調降,讓抵押貸款部位較具還款能力,因此銀行的不良放款將有望回收。 Liquidity problems emerge because of the global financial crisis, financial market credit crunch, in order to save the financial environment of the disorder, the Government TARP of the problem banks, the aim is to explore the Government TARP, the breach of the problem banks risk and the risk of equity capital can be improved, the ability to effectively stabilize financial market conditions.
In this study, the aid policy of the government how it will affect the operation of the problem banks, first import the spread behavior management, the decision of the bank''s optimal loan interest rates and optimal mortgage rates, the use of option valuation analysis to determine the bank''s return on equity parts. The model combines the properties of the risk in the portfolio, cost conditions and interest rate-setting behavior. Manufacturers assume that banks in this study greatly into the premise that the pursuit of equity value, the establishment of the objective function, and joined the optimal interest rate conditions, the risk of default probability and equity return risk to consider whether the Government''s aid program has effect for reference of the government and financial institutions.