A note on selling distressed loans with bank bailouts: modeling of bank interest margins with default probabilities

淡江大學機構典藏 > 商管學院 > 統計學系暨研究所 > 期刊論文 > Item 987654321/98643

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/987654321/98643

题名:	A note on selling distressed loans with bank bailouts: modeling of bank interest margins with default probabilities
作者:	Lin, Jyh-Horng;Lin, Jyh-Jiuan;Chang, Ching-Hui
贡献者:	淡江大學統計學系
关键词:	bank bailout;interest margin;default probability;distressed loan;G28, G13
日期:	2012
上传时间:	2014-09-03 16:34:22 (UTC+8)
出版者:	Abingdon: Routledge
摘要:	This article extends the framework of Merton (1974) with Vassalou and Xing (2004) to value a troubled but solvent bank’s equity by explicitly incorporating distressed assets purchased by the government in an imperfectly competitive loan market. We show that the bank may be willing to take this bailout when the purchased amount is relatively small and the margin is relatively low. However, the bank may be harder to entice even when the unit price of the bailed-out assets subsidized by the government is relatively high. As a consequence, most of the first half of the Troubled Asset Relief Program’s money is not used to buy troubled assets (Wilson, 2010).
關聯:	Applied Economics Letters 19(7), pp.623-627
DOI:	10.1080/13504851.2011.591724
显示于类别:	[統計學系暨研究所] 期刊論文

文件中的档案:

档案	描述	大小	格式	浏览次数
A note on selling distressed loans with bank bailouts modeling of bank interest margins with default probabilities.pdf		364Kb	Adobe PDF	1	检视/开启
index.html		0Kb	HTML	312	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