國際銀行於外匯市場之競爭力分析

• Main Author: 盧長亨
• Language: 英文
• Published: 國立政治大學
• Subjects: 外匯市場; 競爭力; 當地貨幣; Foreign exchange market; Competitiveness; Home currency
• Online Access: http://thesis.lib.nccu.edu.tw/cgi-bin/cdrfb3/gsweb.cgi?o=dstdcdr&i=sid=%22G0094357003%22.

本研究之目的在檢驗國際銀行於外匯市場中競爭力的來源。研究的資料來自於歐元雜誌每年針對外匯市場作的調查，並且採用1996年至2006年各個銀行量性或質性變數。實證結果發現分行分佈的廣度、公司規模大小、併購事件和母公司的當地貨幣強勢與否，與國際銀行在外匯市場的競爭力有顯著的正向關係，然而法律的影響力較不顯著。此外發現金融控股公司和投資銀行比商業銀行在外匯市場更具有競爭力。 === The aim of this research is to examine the sources of bank competitiveness inthe foreign exchange market. Using Euromoney’s annual survey of foreignexchange market competitiveness, we test the influence of various factors of bank competitiveness using data from 1996 to 2006. Results show thatinternational branch networks in major financial centers, firm size, M&A activities,and home currency have positive effects on international banks’competitiveness in the foreign exchange market. The impact of law origin contributes less to bank competitiveness. We also find that bank holding companies and investment banks are more competitive than commercial banks in the foreign exchange market.