English  |  正體中文  |  简体中文  |  全文笔数/总笔数 : 62797/95867 (66%)
造访人次 : 3727552      在线人数 : 768
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library & TKU Library IR team.
搜寻范围 查询小技巧:
  • 您可在西文检索词汇前后加上"双引号",以获取较精准的检索结果
  • 若欲以作者姓名搜寻,建议至进阶搜寻限定作者字段,可获得较完整数据
  • 进阶搜寻


    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/987654321/99145


    题名: Bank interest margin management based on a path-dependent Cobb–Douglas utility framework
    作者: 蔡政言;Tsai, Jeng-Yan
    贡献者: 淡江大學國際企業學系
    关键词: Bank interest margin;Cobb–Douglas utility function;Path dependency;Substitution elasticity
    日期: 2013-09
    上传时间: 2014-10-15 14:28:47 (UTC+8)
    出版者: Elsevier BV
    摘要: This paper examines the optimal bank interest margin, the spread between the loan rate and the deposit rate, when the bank's preferences include the like of higher equity returns and the dislike of higher equity risks based on a path-dependent Cobb–Douglas utility function. A path dependency implies that the bank equity return can be knocked out whenever a legally binding barrier is breached. A Cobb–Douglas utility indicates substitutability between equity returns and equity risks for the explicit treatment of risk aversion. We show that an increase in the barrier results in a reduced loan amount held by the bank at an increased interest margin when the probability of hitting the barrier before the expiration date is high. The bank interest margin is negatively related to the degree of the like (Equity returns) preference relative to the dislike (equity risks) preference. Preference as such makes the bank more prone to risk-taking, thereby adversely affecting the stability of the banking system.
    關聯: Economic Modelling 35, pp.751-762
    DOI: 10.1016/j.econmod.2013.08.037
    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
    Bank interest margin management based on a path-dependent Cobb–Douglas utility framework.pdf839KbAdobe PDF0检视/开启
    index.html0KbHTML261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

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