Study Of Financial Intermediation -Analysis Of Direct Finance and Indirect Finance

• Main Authors: Chuang, Webin, 莊偉斌
• Other Authors: ChunChiWen
• Format: Others
• Language: zh-TW
• Published: 1997
• Online Access: http://ndltd.ncl.edu.tw/handle/15276254109070379230

碩士 === 東吳大學 === 經濟學系 === 85 === The purpose of the thesis is to state the phenomenon of Financial Disintermediationsince 1994 and analyze the cause and factor for funding methods.The source Of Fund empirically is defined by direct Finance anf Indirect Finance.The former Includes Commercial Paper,Bank Acceptance,Corporate Bond,and Stock Issue,and the latteris from Financial Intermediary. Dividing them into Stock quantities and Flow quantitiesand estimiating by OLS is to analyze the reason Of the low increasing rateby loan.Empirical Results predicts high Over loan rate and some revolution in systemsare explantation for Financial Determediation.Despite the ex post analysis of Thesis is consistent with Financial situations well but there are some biases in source of data.So the best database of studying should belong to Flow Fund Statistics.