Bank Interest Margin under Government Capital Injection at Various Loan Risk Levels: An Option-Based Net Market Value Approach
碩士 === 淡江大學 === 國際企業學系碩士班 === 101 === Under the global financial crisis from 2008, the global financial institutions go into a lack of liquidity and credit crunch. In order to save the financial system, the government promotes the Trouble Asset Relief Program (TARP), carries on the direct capita...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2013
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| Online Access: | http://ndltd.ncl.edu.tw/handle/31618427425928558603 |
| Summary: | 碩士 === 淡江大學 === 國際企業學系碩士班 === 101 === Under the global financial crisis from 2008, the global financial institutions go into a lack of liquidity and credit crunch. In order to save the financial system, the government promotes the Trouble Asset Relief Program (TARP), carries on the direct capital to the bank. The main purposes of this study are how the policy affects the bank’s operation management and rate-setting behavior and whether the policy can save the financial system and stabilize the financial system. This study use a contingent claim analysis approach from Black and Scholes (1973) to find the optimal interest rate of banks, and the control variable is loan risk levels. And the results of this thesis demonstrate as follows: Banks would take advantage from the Trouble Asset Relief Program. The rescue plan can effectively improve the bank operations management and make the financial institution steady.
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