Financial Intermediary, Investment and Interest Rate

• Main Authors: Pei-Chung Chang, 張培忠
• Other Authors: Hsiao-Lei Chu
• Format: Others
• Language: zh-TW
• Published: 1999
• Online Access: http://ndltd.ncl.edu.tw/handle/swg73p

碩士 === 國立暨南國際大學 === 經濟學系 === 87 === This paper uses both the transaction function and the screening ability in financial intermediaries, to investigate the interaction between financial intermediaries and entrepreneurs in the equilibrium of investment and interest rate. We acquired the following main conclusions: (1) Financial intermediaries with the screening function would be lower in both the number of entrepreneurs and the amount of the social total investment than financial intermediaries that doesn't have it. (2) Under the different assumption, many solutions will exist in the gross interest rate in the equilibrium. (3) In the equilibrium, financial intermediaries with screening function would be bigger in the lower gross interest rate than financial intermediaries that doesn't have it. It is hard to judge which one is bigger in the higher gross interest rate.