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題名:臺灣民營企業民間借貸比重之消長
書刊名:經濟論文
作者:許嘉棟 引用關係郭平欣黃啟倉
出版日期:1995
卷期:23:3
頁次:頁265-297
主題關鍵詞:Fiancial dualismFinancial market segmentationShare of informal financing臺灣民營企業民間借貸
原始連結:連回原系統網址new window
相關次數:
  • 被引用次數被引用次數:期刊(5) 博士論文(1) 專書(2) 專書論文(0)
  • 排除自我引用排除自我引用:5
  • 共同引用共同引用:29
  • 點閱點閱:41
     民間借貸在臺灣地區一向占有相當的重要性,而且民間借貸與金融機構的放款對象有明顯的市場區隔。統計資料顯示,民營企業來自民間借貸與金融機構借款的相對比重在1964-92期間呈現上下起伏波動。本文將臺灣的資金市場區隔現象納入考慮,並區分金融機構資金不足、過剩與利率自由化等三種不同狀況,建立雙元金融理論模型。此模型獲得以臺灣實際資料所估計得到的結構式之支持。本文進而利用此模型,透由比較靜態分析,發現同一外生或政策變數對民營企業的金融機構與黑市借款、黑市利率,以及民間借貸相對比重之影響符號,在三種不同的金融機構資金狀況下多不相同。根據比較靜態分析結果,並觀察各外生與政策變數在1965-92期間的實際變動,本文最後對民營企業民間借貸比重在此期間的消長現象,提出一些可能的成因解釋。
     The unregulated informal financial sector has an important economic function in Taiwan. There is a distinct market segmentation between formal financial institutions and the informal financial sector. Statistics show that during the period of 1964-92, the share of informal financing of private enterprises fluctuated over time. This paper develops a model which describes the interaction between financial institutions and the informal informal financial sector. The model is applied to conditions where the loanable fund market of financial institutions has excess demand, excess supply, or is in equilibrium. The estimated structural equations based on the data of 1965-92 support the theoretical model. Based on this model, this paper uses a comparative-static analysis to show that the impacts of an exogenous variable or policy variable on the informal market interest rate or the relative share of informal financing of private enterprises have different signs when the loanable fund market of infancial institutions is in excess demand, in excess supply and in equilibrium. Some explanations for the fluctuation of the share of informal financing of private enterprises in 1965-92 are then provided, based on the results of comparative static analysis and the actual changes of exogenous and policy variables in Taiwan over this period.
期刊論文
1.楊雅惠(19841105)。影響民間借貸利率之因素。貨幣市場簡訊,30,6-10。  延伸查詢new window
2.許嘉棟(19860900)。雙元性金融體系下貨幣金融政策效果之短期分析:兼論銀行利率與黑市利率之關係。經濟論文,14(2),111-154。new window  延伸查詢new window
3.Liang, Ming-Yih(1988)。A Note on Financial Dualism and Interest Rate Policies: A Loanable Funds Approach。International Economic Review,29(3),539-549。  new window
4.Wai, U. Tun(1957)。Interest Rates Outside the Organized Money Markets of Underdeveloped Countries。IMF Staff Papers,6(1),80-142。  new window
5.蔣碩傑(19760900)。滙率、利率與經濟發展。經濟論文,4(2),1-20。new window  延伸查詢new window
6.Ghate, P. B.(1988)。Informal Credit Markets in Asian Developing Countries。Asian Development Review,6(1),64-85。  new window
7.袁穎生(19860300)。臺灣之民間借貸利率--綜括分析:臺灣的利率彙述之四。臺灣銀行季刊,37(1),46-85。new window  延伸查詢new window
8.Edwards, S.(1988)。Financial Deregulation and Segmented Capital Markets: The Case of Korea。World Development,16(1),185-194。  new window
9.Bottemley, A.(1975)。Interest Rate Determination in Underdeveloped Rural Areas。American Journal of Agricultural Economics,279-291。  new window
10.Bhaduri, A.(1977)。On the Formation of Usurious Interest Rates in Backward Agriculture。Cambridge Journal of Economics。  new window
11.Wai, U. Tun(1977)。Revisit to Interest Rates Outside the Organized Money Market of Underdeveloped Countries。Banca Nazionale del Lavoro Quarterly Review。  new window
12.Van Wijnbergen, S.(1983)。Interest Rate Management in LDCs。Journal of Monetary Economics,433-452。  new window
13.何清益(19811200)。銀行利率、黑市利率與資金的供給。臺灣經濟預測,13(1),45-63。  延伸查詢new window
14.許嘉棟(19790900)。官定利率、黑市利率、回扣、所得與經濟發展。經濟論文,7(2),25-46。new window  延伸查詢new window
15.許嘉棟(19800500)。官定利率、黑市利率與回扣。國立政治大學學報,41,左89-102。  延伸查詢new window
16.許嘉棟(19810400)。利率、匯率、貨幣供給與經濟穩定之短期分析。臺北市銀月刊,12(4),19-28。  延伸查詢new window
17.許嘉棟(19890100)。市場區隔下利率自由化之產出效果。經濟論文叢刊,17(1),61-76。new window  延伸查詢new window
18.蔣碩傑(19780900)。匯率、利率與經濟發展--臺灣的經驗。臺灣經濟研究月刊,1(9),9-30。new window  延伸查詢new window
會議論文
1.許嘉棟(1979)。銀行利率、黑市利率、每人所得與物價。中國經濟學會年會,213-221。  延伸查詢new window
2.梁明義、陳明郎(1985)。銀行與黑市利率變動關係之探討。中國經濟學會年會,157-170。  延伸查詢new window
3.林培州、許嘉棟(1993)。台灣銀行放款市場之失衡計量分析。中國經濟學會年會,211-234。  延伸查詢new window
4.許嘉棟(1986)。我國銀行利率與黑市利率之理論與實證。中國經濟學會年會,77-79。  延伸查詢new window
5.許嘉棟、郭平欣(1984)。我國的銀行資金配置效率分析。臺灣金融發展會議。中研院經濟研究所。111-152。  延伸查詢new window
6.楊雅惠(1990)。銀行利率、黑市利率與貨幣市場利率之變動分析。台灣金融情勢與物價問題研討會。中研院經濟所。337-359。  延伸查詢new window
研究報告
1.Shea, J. D.(1993)。The Financial Development and Policies in Taipei, China。  new window
2.Chandavarkar, A. G.(1987)。The Informal Financial Sector in Developing Countries: Analysis, Evidence, and Policy Implications。Research and Training Center, The South East Asian Central Banks。  new window
圖書
1.Taylor, Lance(1983)。Structuralist Macroeconomics: Applicable Models for the Third World。New York:Basic Books。  new window
2.楊雅惠(1984)。雙元性金融體系下利率管制政策之經濟效果。臺北:中華經濟研究院。  延伸查詢new window
3.Asian Development Bank(1992)。Informal Finance: Some Findings From Asia。Oxford。  new window
4.Fry, M. J.(1988)。Money, Interest, and Banking in Economic Development。Baltimore:Johns Hopkins。  new window
5.許嘉棟(1983)。銀行信用配給之效率與雙元性金融體系資金之供需--臺灣之實證研究。中華經濟研究院。  延伸查詢new window
6.黃永仁、楊金龍、羅庚辛、黃博怡(1983)。台灣地下金融問題--民間合會與地下錢莊。南投:基層金融出版社。  延伸查詢new window
7.Mckinnon, Ronald Ian(1973)。Money and Capital in Economic Development。Brookings Institution Press。  new window
圖書論文
1.Bhaduri, A.(1980)。On the Formation of Usurious Interest Rates in Backward Agriculture。Money and Monetary Policy in Less Developed Countries: A Survey of Issues and Evidence。New York:Pergamon。  new window
2.Wai, U. Tun(1980)。Revisit to Interest Rates Outside the Organized Money Market of Underdeveloped Countries。Money and Monetary Policy in Less Developed Countries: A Survey of Issues and Evidence。New York:Pergamon Press。  new window
 
 
 
 
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