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題名:本國銀行信用卡利率行為之研究
書刊名:經濟研究. 臺北大學經濟學系
作者:劉永欽
作者(外文):Liu, Yong-Chin
出版日期:2007
卷期:43:1
頁次:頁35-64
主題關鍵詞:轉換成本業務強度資訊不對稱逆選擇追蹤資料二階段最小平方法Switch costBusiness intensityInformation asymmetryAdverse selectionPanel data2SLS
原始連結:連回原系統網址new window
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  • 共同引用共同引用:56
  • 點閱點閱:23
本文使用月追蹤資料檢視本國銀行的信用卡利率行為及其與信用卡逾期放款之關係,以檢定信用卡利率之訂定是否與銀行資金成本、資訊不對稱、逆選擇問題及信用卡的轉換成本、營運規模、業務強度和信用風險有關,發現:信用卡利率調整行為不會受其營運規模、信用風險和銀行資金成本影響,意味信用卡利率決策不合理;信用卡利率與業務強度呈負相關;調降利率和銀行間利率差異並未導致逆選擇問題;轉換成本是利率居高不下的可能原因,而資訊不對稱程度不一可解釋銀行間的利率差異。
This paper aims to test whether the pricing of credit-card interest rates depends on banks' capital costs, information asymmetry, adverse selection as well as credit-card switch costs, operating size, business intensity, and credit risks. Employing regression analysis with panel data on monthly frequency, this study examines the interest rate behavior of credit cards in Taiwan's banks and the relationship between interest rate behavior and nonperforming loans for credit cards. The findings are that credit-card operating size, credit risks and bank's costs of capital have not affects on credit-card interest rate behaviors, indicating the pricing of credit card rates is unreasonable; there is a negative relation between credit-card rates and business intensity; decreasing in interest rates for a bank and difference in interest rates across banks do not cause adverse selections. Moreover, the switch costs may lead to the stickiness on high levels for credit card rates, and the distinct degrees of information asymmetry across banks possibly explain different interest rate behaviors of banks.
期刊論文
1.歐進士、李佳玲(20040100)。信用卡獲利動因之研究:以美國銀行業早期經驗為例。會計評論,38,31-57。new window  延伸查詢new window
2.Brito, Dagobert L.、Hartley, Peter R.(1995)。Consumer Rationality and Credit Cards。Journal of Political Economy,103(2),400-433。  new window
3.Davidson, R.、MacKinnon, J. G.(1989)。Testing for consistency using artificial regressions。Econometric Theory,5(3),363-384。  new window
4.Mester, Loretta J.(1994)。Why Are Credit Card Rates Sticky?。Economic Theory,4(4),505-530。  new window
5.Calem, P. S.(1992)。The Strange Behavior of the Credit Card Market。Federal Reserve Bank of Philadelphia Business Review,1992(Jan./Feb.),3-14。  new window
6.Calem, Paul S.、Mester, Loretta J.(1995)。Consumer Behavior and the Stickiness of Credit-Card Interest Rates。The American Economic Review,85(5),1327-1336。  new window
7.Canner, Glenn B.、Luckett, Charles A.(1992)。Developments in the Pricing of Credit Card Services。Federal Reserve Bulletin,78(9),652-666。  new window
8.Ausubel, Lawrence M.(1991)。The Failure of Competition in the Credit Card Market。The American Economic Review,81(1),50-81。  new window
9.鄭秀玲、劉育碩(20000300)。銀行規模、多角化程度與經營效率分析:資料包絡法之應用。人文及社會科學集刊,12(1),103-148。new window  延伸查詢new window
10.Kulasekaran, S.、Shaffer, S.(2002)。Cost efficiency among credit card banks。Journal of Economics and Business,54(6),595-614。  new window
11.Hausman, Jerry A.(1978)。Specification tests in econometrics。Econometrica: Journal of the Econometric Society,46(6),1251-1271。  new window
12.劉祥熹、葉思聖(20010600)。臺灣地區外商銀行業經營績效之分析。臺大管理論叢,11(2),35-83。new window  延伸查詢new window
13.Ayadi, O. Felix(1997)。Adverse Selection, Search Costs and Sticky Credit Card Rates。Financial Services Review,6(1),53-67。  new window
14.Stavins, Joanna(1996)。Can Demand Elasticities Explain Sticky Credit Card Rates?。New England Economic Review,1996(Jul./Aug.),43-54。  new window
15.Coleman, C.(20011004)。Consumers Can Still Profit Despite Piddling Interest Rates--Lower Fed Rates May Not Help Cut Credit-card Interest。The Wall Street Journal,2001(Oct.)。  new window
16.Stavins, Joanna(2000)。Credit Card Borrowing, Delinquency, and Personal Bankruptcy。New England Economic Review,2000(Jul./Aug.),15-30。  new window
17.邢瑜、Gibson, Jo-Anne、Lin, Tin-Chun、Wallace, Dawn(2003)。Determinants of Credit Card Rates and Policy Implications。International Journal of Management,20(3),395-400。  new window
18.Park, Sangkyun(1997)。Effects of Price Competition in the Credit Card Industry。Economics Letters,57(1),79-85。  new window
19.Pozdena, Randall J.(1991)。Solving the Mystery of High Credit Card Rates。FRBSF Economic Letter,1991(Nov.)。  new window
圖書
1.Hill, R. Carter、Griffiths, William E.、Judge, George G.(2001)。Undergraduate Econometrics。New York:John Wiley and Sons。  new window
2.Baltagi, Badi H.(2005)。Econometric analysis of panel data。John Wiley & Sons, Inc.。  new window
 
 
 
 
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