the study on the effect of cash card and credit card in Taiwan by asymmetric information theory

• Main Authors: Ya-ting Chung, 莊雅婷
• Other Authors: Chih-Shong Chang
• Format: Others
• Language: zh-TW
• Published: 2007
• Online Access: http://ndltd.ncl.edu.tw/handle/26694203063205741549

碩士 === 義守大學 === 管理研究所碩士班 === 95 === Since the government opened the establishment of financial business firms, the domestic financial market competition becomes increasingly fierce. In addition, the financial institution provides information to the consumer, each card bank for enhances the cash card market share. When they develop the new customers, they do not understand their credit risk under the asymmetric information. This action actually seriously influences the quality of the banks and the debt loss risk also increase. Finally, the card debt crisis arises from the situation. This research uses the asymmetric information theory to discuss the association between the depositor, the borrower and the banking industry. This research uses government information data from Financial supervisory commission, Executive Yuan, the bankers association of R.O.C., Central bank, R.O.C., National statistics, R.O.C., Health and national health insurance annual statistics information service, National credit card center, R.O.C., Central deposit insurance corp., to collect the material such as credit card service statistics, suicide rate. Using the credit card and the cash card of the loans amount, the card quantity and the difference interest rate, as the material source of adverse selection; On the other hand, taking the credit card and the cash card of the debt amount and the loan ratio as the material source of moral hazard. To compare with the private organization, the public organization like Bank of Taiwan, Central Trust of China and the Taiwan Cooperative Bank, their quantity of cash card and the credit card is lower than the privately operated organization. This research discovers several private banks such as Taishin International Bank, Chinatrust Commercial Bank and Union Bank Of Taiwan, their card number, the loans amount, and the debt amount have the direct ratio. In addition, three cash card also have the same tendency, demonstrated adverse selection and moral hazard produce the intersection, and they have the connection. After the eruption of card debt crisis, this research also discovered that the government involved to suppress the credit card and cash card effect to occur. The tendency of the quantity, the loans amount and the debt amount of the cash card or the credit card, has dropped after 2006. If management institution can fully manage and in charge of the banks, they can truly avoid the resurging of card debt crisis. Therefore, they can achieve an effective management benefit. Key Words: Financial institution, Asymmetric information, Adverse selection, Moral hazard.