The Influence of Macroeconomic Factors and Banking Fragility on Offshore Banking Unit (OBU)
本研究針對台灣、新加坡、香港、日本、馬來西亞與泰國境外金融中心為樣本。並以銀行競争力指標將研究對象分成銀行競爭體系偏完全競争市場與偏寡占市場兩類,採用SUR模型來檢視總體經濟因素與銀行脆弱性對對境外金融資產的影響差異。本文根據1996 至2005期間之月資料,實證結果顯示,可利用SUR模型限制式評估境外金融中心。影響境外金融資產主要的因素為進ロ數量/GDP、金融深化指標、存放款利率差、銀行脆弱性指標、M2乘數、實質匯率。在區域性的金融危機發生時,管制境外金融中心贷款較為嚴格 的國家,較能避免外溢效果的影響。然而,泰國與馬來西亞由於金融制度較為寬鬆,容易導致金融危機的發生...
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creator | 陳若暉(Chen Jo-Hui) 王愉雰(Wang Yu-Fen) 柯家哲(Ko Chia-Che) 狄強(Diaz John Francis) |
description | 本研究針對台灣、新加坡、香港、日本、馬來西亞與泰國境外金融中心為樣本。並以銀行競争力指標將研究對象分成銀行競爭體系偏完全競争市場與偏寡占市場兩類,採用SUR模型來檢視總體經濟因素與銀行脆弱性對對境外金融資產的影響差異。本文根據1996 至2005期間之月資料,實證結果顯示,可利用SUR模型限制式評估境外金融中心。影響境外金融資產主要的因素為進ロ數量/GDP、金融深化指標、存放款利率差、銀行脆弱性指標、M2乘數、實質匯率。在區域性的金融危機發生時,管制境外金融中心贷款較為嚴格 的國家,較能避免外溢效果的影響。然而,泰國與馬來西亞由於金融制度較為寬鬆,容易導致金融危機的發生 |
doi_str_mv | 10.6126/APMR.2013.18.4.04 |
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We employ the seemingly unrelated regression (SUR) model to examine the differences in the influence of OBU assets from macroeconomic factors and the degree of banking fragility. The empirical results from our monthly data from 1996-2005 suggest that the constrained equations of the SUR model are suitable for evaluating the OBUs. The main factors affecting OBU assets were the ratio of imports to GDP, financial deepening index, lending-deposit rate differences, banking sector fragility, M2 multiplier, and real exchange rates. If a regional crisis occurs, the spillover effect could be more easily avoided by having more restrictions on OBU loans. By contrast, Thailand and Malaysia have loose expansionary financial systems, leading to crisis occurrence.</description><identifier>ISSN: 1029-3132</identifier><identifier>EISSN: 2589-8213</identifier><identifier>DOI: 10.6126/APMR.2013.18.4.04</identifier><language>eng</language><publisher>台灣: 國立成功大學企業管理學院</publisher><subject>banking fragility ; Banking industry ; Banks ; Competition ; Foreign exchange rates ; GDP ; Gross Domestic Product ; International business ; International finance ; Literature reviews ; Macroeconomics ; Manycountries ; Offshore banking ; Offshore banking unit (OBU) ; Regression analysis ; Regulation of financial institutions ; Satellite communications ; Scopus ; seemingly unrelated regression (SUR) ; TSSCI ; Variables ; 亞洲金融危機 ; 境外金融中心 ; 近似無關迴歸模型</subject><ispartof>Asia Pacific Management Review, 2013-12, Vol.18 (4), p.407-425</ispartof><rights>Copyright National Cheng Kung University, College of Management Dec 2013</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,777,781,27905,27906</link.rule.ids></links><search><creatorcontrib>陳若暉(Chen Jo-Hui)</creatorcontrib><creatorcontrib>王愉雰(Wang Yu-Fen)</creatorcontrib><creatorcontrib>柯家哲(Ko Chia-Che)</creatorcontrib><creatorcontrib>狄強(Diaz John Francis)</creatorcontrib><title>The Influence of Macroeconomic Factors and Banking Fragility on Offshore Banking Unit (OBU)</title><title>Asia Pacific Management Review</title><description>本研究針對台灣、新加坡、香港、日本、馬來西亞與泰國境外金融中心為樣本。並以銀行競争力指標將研究對象分成銀行競爭體系偏完全競争市場與偏寡占市場兩類,採用SUR模型來檢視總體經濟因素與銀行脆弱性對對境外金融資產的影響差異。本文根據1996 至2005期間之月資料,實證結果顯示,可利用SUR模型限制式評估境外金融中心。影響境外金融資產主要的因素為進ロ數量/GDP、金融深化指標、存放款利率差、銀行脆弱性指標、M2乘數、實質匯率。在區域性的金融危機發生時,管制境外金融中心贷款較為嚴格 的國家,較能避免外溢效果的影響。然而,泰國與馬來西亞由於金融制度較為寬鬆,容易導致金融危機的發生</description><description>This paper focuses on the offshore banking units (OBUs) of Taiwan, Singapore, Hong Kong, Japan, Malaysia, and Thailand as research samples and uses the bank competition index to separate both perfect competition and oligopoly. We employ the seemingly unrelated regression (SUR) model to examine the differences in the influence of OBU assets from macroeconomic factors and the degree of banking fragility. The empirical results from our monthly data from 1996-2005 suggest that the constrained equations of the SUR model are suitable for evaluating the OBUs. The main factors affecting OBU assets were the ratio of imports to GDP, financial deepening index, lending-deposit rate differences, banking sector fragility, M2 multiplier, and real exchange rates. If a regional crisis occurs, the spillover effect could be more easily avoided by having more restrictions on OBU loans. By contrast, Thailand and Malaysia have loose expansionary financial systems, leading to crisis occurrence.</description><subject>banking fragility</subject><subject>Banking industry</subject><subject>Banks</subject><subject>Competition</subject><subject>Foreign exchange rates</subject><subject>GDP</subject><subject>Gross Domestic Product</subject><subject>International business</subject><subject>International finance</subject><subject>Literature reviews</subject><subject>Macroeconomics</subject><subject>Manycountries</subject><subject>Offshore banking</subject><subject>Offshore banking unit (OBU)</subject><subject>Regression analysis</subject><subject>Regulation of financial institutions</subject><subject>Satellite communications</subject><subject>Scopus</subject><subject>seemingly unrelated regression (SUR)</subject><subject>TSSCI</subject><subject>Variables</subject><subject>亞洲金融危機</subject><subject>境外金融中心</subject><subject>近似無關迴歸模型</subject><issn>1029-3132</issn><issn>2589-8213</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2013</creationdate><recordtype>article</recordtype><sourceid>8G5</sourceid><sourceid>ABUWG</sourceid><sourceid>AFKRA</sourceid><sourceid>AZQEC</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><sourceid>GNUQQ</sourceid><sourceid>GUQSH</sourceid><sourceid>M2O</sourceid><recordid>eNo9kM9LwzAcxYMoOOb-AMFDwIseWvOrbXLchtXBxkS2k4eSJt-s1Zlo2iH77y1MPL3De7wP7yF0TUmaU5Y_TF9WrykjlKdUpiIl4gyNWCZVIhnl52hECVMJp5xdoknXtTWhUjKVy2KE3jYN4IV3-wN4Azg4vNImBjDBh8_W4FKbPsQOa2_xTPuP1u9wGfWu3bf9EQeP1851TYjw72592-O79Wx7f4UunN53MPnTMdqWj5v5c7JcPy3m02XS0Iz1ickLDsawQme1EI46ZpkFqoqc20JqQbkStXG5hWGhyrLacZDSCqkKSUBaPka3p96vGL4P0PXVezhEPyCrAcAFkwWVQ-rmlGqOP1BXzTGCthUhbPiCcf4LDQhd0g</recordid><startdate>201312</startdate><enddate>201312</enddate><creator>陳若暉(Chen Jo-Hui)</creator><creator>王愉雰(Wang Yu-Fen)</creator><creator>柯家哲(Ko Chia-Che)</creator><creator>狄強(Diaz John Francis)</creator><general>國立成功大學企業管理學院</general><general>National Cheng Kung University, College of Management</general><scope>9RA</scope><scope>3V.</scope><scope>7WY</scope><scope>7WZ</scope><scope>7XB</scope><scope>87Z</scope><scope>8FK</scope><scope>8FL</scope><scope>8G5</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>AZQEC</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>BVBZV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FRNLG</scope><scope>F~G</scope><scope>GNUQQ</scope><scope>GUQSH</scope><scope>K60</scope><scope>K6~</scope><scope>K8~</scope><scope>L.-</scope><scope>M0C</scope><scope>M2O</scope><scope>MBDVC</scope><scope>PIMPY</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>Q9U</scope></search><sort><creationdate>201312</creationdate><title>The Influence of Macroeconomic Factors and Banking Fragility on Offshore Banking Unit (OBU)</title><author>陳若暉(Chen Jo-Hui) ; 王愉雰(Wang Yu-Fen) ; 柯家哲(Ko Chia-Che) ; 狄強(Diaz John Francis)</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-h152t-c673ecc27a5b44f1f2d2de19763d78a41394bcf6de013955bf3e88d489780e8d3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2013</creationdate><topic>banking fragility</topic><topic>Banking industry</topic><topic>Banks</topic><topic>Competition</topic><topic>Foreign exchange rates</topic><topic>GDP</topic><topic>Gross Domestic Product</topic><topic>International business</topic><topic>International finance</topic><topic>Literature reviews</topic><topic>Macroeconomics</topic><topic>Manycountries</topic><topic>Offshore banking</topic><topic>Offshore banking unit (OBU)</topic><topic>Regression analysis</topic><topic>Regulation of financial institutions</topic><topic>Satellite communications</topic><topic>Scopus</topic><topic>seemingly unrelated regression (SUR)</topic><topic>TSSCI</topic><topic>Variables</topic><topic>亞洲金融危機</topic><topic>境外金融中心</topic><topic>近似無關迴歸模型</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>陳若暉(Chen Jo-Hui)</creatorcontrib><creatorcontrib>王愉雰(Wang Yu-Fen)</creatorcontrib><creatorcontrib>柯家哲(Ko Chia-Che)</creatorcontrib><creatorcontrib>狄強(Diaz John Francis)</creatorcontrib><collection>HyRead台灣全文資料庫</collection><collection>ProQuest Central (Corporate)</collection><collection>ABI/INFORM Collection</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Global (Alumni Edition)</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>Research Library (Alumni Edition)</collection><collection>ProQuest Central (Alumni Edition)</collection><collection>ProQuest Central UK/Ireland</collection><collection>ProQuest Central Essentials</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>East & South Asia Database</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>Business Premium Collection (Alumni)</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>ProQuest Central Student</collection><collection>Research Library Prep</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>DELNET Management Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Global</collection><collection>Research Library</collection><collection>Research Library (Corporate)</collection><collection>Publicly Available Content Database</collection><collection>ProQuest One Business</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central Basic</collection><jtitle>Asia Pacific Management Review</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>陳若暉(Chen Jo-Hui)</au><au>王愉雰(Wang Yu-Fen)</au><au>柯家哲(Ko Chia-Che)</au><au>狄強(Diaz John Francis)</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>The Influence of Macroeconomic Factors and Banking Fragility on Offshore Banking Unit (OBU)</atitle><jtitle>Asia Pacific Management Review</jtitle><date>2013-12</date><risdate>2013</risdate><volume>18</volume><issue>4</issue><spage>407</spage><epage>425</epage><pages>407-425</pages><issn>1029-3132</issn><eissn>2589-8213</eissn><abstract>本研究針對台灣、新加坡、香港、日本、馬來西亞與泰國境外金融中心為樣本。並以銀行競争力指標將研究對象分成銀行競爭體系偏完全競争市場與偏寡占市場兩類,採用SUR模型來檢視總體經濟因素與銀行脆弱性對對境外金融資產的影響差異。本文根據1996 至2005期間之月資料,實證結果顯示,可利用SUR模型限制式評估境外金融中心。影響境外金融資產主要的因素為進ロ數量/GDP、金融深化指標、存放款利率差、銀行脆弱性指標、M2乘數、實質匯率。在區域性的金融危機發生時,管制境外金融中心贷款較為嚴格 的國家,較能避免外溢效果的影響。然而,泰國與馬來西亞由於金融制度較為寬鬆,容易導致金融危機的發生</abstract><abstract>This paper focuses on the offshore banking units (OBUs) of Taiwan, Singapore, Hong Kong, Japan, Malaysia, and Thailand as research samples and uses the bank competition index to separate both perfect competition and oligopoly. We employ the seemingly unrelated regression (SUR) model to examine the differences in the influence of OBU assets from macroeconomic factors and the degree of banking fragility. The empirical results from our monthly data from 1996-2005 suggest that the constrained equations of the SUR model are suitable for evaluating the OBUs. The main factors affecting OBU assets were the ratio of imports to GDP, financial deepening index, lending-deposit rate differences, banking sector fragility, M2 multiplier, and real exchange rates. If a regional crisis occurs, the spillover effect could be more easily avoided by having more restrictions on OBU loans. By contrast, Thailand and Malaysia have loose expansionary financial systems, leading to crisis occurrence.</abstract><cop>台灣</cop><pub>國立成功大學企業管理學院</pub><doi>10.6126/APMR.2013.18.4.04</doi><tpages>19</tpages><oa>free_for_read</oa></addata></record> |
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subjects | banking fragility Banking industry Banks Competition Foreign exchange rates GDP Gross Domestic Product International business International finance Literature reviews Macroeconomics Manycountries Offshore banking Offshore banking unit (OBU) Regression analysis Regulation of financial institutions Satellite communications Scopus seemingly unrelated regression (SUR) TSSCI Variables 亞洲金融危機 境外金融中心 近似無關迴歸模型 |
title | The Influence of Macroeconomic Factors and Banking Fragility on Offshore Banking Unit (OBU) |
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