Analysis of Loan Qualities in Banks, Rating Agencies and Depositors

• Main Authors: Yu-Hsiang Lin, 林宇祥
• Other Authors: Hui-Chen Chiang
• Format: Others
• Language: zh-TW
• Published: 2006
• Online Access: http://ndltd.ncl.edu.tw/handle/c5rh3r

碩士 === 銘傳大學 === 管理研究所 === 94 === Three models are built by using the concept of real options. The relationships among the three models are that depositor deposits money in a bank in order to earn interest and a rating agency obtains returns by investing the product of the financial securitization issued by bank. Therefore, loan quality of a bank is under supervision of the depositor and the rating agency. Furthermore, based on three main models, this study creates two extra models: (1) model of matching loan quality requirements of the bank and the rating agency (2) model of matching loan quality requirements of the bank and the depositor. It is found that loan quality from depositors is the highest, from rating agency is the second, and from a bank is the lowest.