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完整後設資料紀錄
DC 欄位 | 值 | 語言 |
---|---|---|
dc.contributor.advisor | 李賢源(Shyan-Yuan Lee) | |
dc.contributor.author | Chun-Chieh Hu | en |
dc.contributor.author | 胡峻杰 | zh_TW |
dc.date.accessioned | 2021-06-07T17:33:11Z | - |
dc.date.copyright | 2020-07-07 | |
dc.date.issued | 2020 | |
dc.date.submitted | 2020-06-29 | |
dc.identifier.citation | [1] 王南華,陳聯一,葉露,楊靜嫻,黃鴻棋,歐陽文皇,許麗真,鄧麗英(2011),從全球金融風暴論存款保險制度在金融安全網之未來角色(上冊),台北,中央存保公司。 [2] 余俊慶(2016),參加瑞士中央銀行基金會「金融穩定」研習課程心得報告,瑞士中央銀行基金會「金融穩定」研習課程,瑞士。 [3] 資誠聯合會計師事務所(PwC),2019年全球繳納稅款調查報告。 [4] Barrell, R., Davis, E. P., Karim, D., Liadze, I. (2010), “Evaluating off-balance sheet exposures in banking crisis determination models,” NIESR Discussion Paper NO. 357. [5] Behr, P., Schmidt, R. H., and Xie, R. (2010), “Market Structure, Capital Regulation and Bank Risk Taking,” Journal of Financial Services Research, Vol. 37, No. 2, 131-158. [6] Boyd, J. H. and Gertler, M. (1995), “Are banks dead? Or are the reports greatly exaggerated?” (No. w5045). National Bureau of Economic Research. [7] Cimilluca, D. (2008, September 01), “Commerzbank to Acquire German Rival Dresdner,” Wall Street Journal [8] Duran, M. A. and Lozano-Vivas, A. (2013), “Off-balance-sheet activity under adverse selection: The European experience,” Journal of Economic Behavior Organization, 85, 176-190. [9] Feldman, R. and Lueck, M. (2007), “Are banks really dying this time?” The Region, Federal Reserve Bank of Minneapolis, 6-9. [10] Harris, C. and Hall, W. (1998), “UBS Suffers Share Fall over LTCM Inquiry,” Financial Times, October [11] Hau, H., and Thum, M. P. (2009), ‘Subprime Crisis and Board (In-)Competence: Private vs Public Banks in Germany’, CESifo Working Paper Series No. 2640 [12] Karim, D., Liadze, I., Barrell, R., Davis, E. P. (2013), “Off-balance sheet exposures and banking crises in OECD countries,” Journal of Financial Stability, 9:4, 673-681. [13] Kaparakis, E., Miller, S., and Noulas A. (1994), “Short-run Cost Inefficiency of Commercial Banks: A Flexible Stochastic Frontier Approach,” Journal of Money, Credit and Banking, Vol. 26, 875-893. [14] Naouar, A. (2008), “Strength of Market Discipline: Impact on the Solvency of European Banks,” Working Paper. [15] Norden, L., and Weber, M. (2004), “Informational efficiency of credit default swap and stock markets: The impact of credit rating announcements,” Journal of Banking Finance, 28(11), 2813-2843. [16] Shiu, Y. M. and Moles, P. (2010), “What motivates banks to use derivatives: evidence from Taiwan,” Journal of Derivatives, 17:4, 67-78. [17] Ziadeh-Mikati, N. (2012), “Bank Risk Exposure, Bank Failure and Off Balance Sheet Activities: An Empirical Analysis for US Commercial Banks.” | |
dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/15354 | - |
dc.description.abstract | 銀行業是支撐實體經濟活動重要的力量,但在全球化浪潮下,每當面對經濟衰退或是金融危機,銀行業往往遭受很大傷害,被迫在業務轉型或對不良資產上做特別處置,政府也面臨是否針對銀行加強監管或是紓困的艱難選擇。
本研究旨在透過歐洲兩大銀行:瑞銀集團和德意志銀行,在次貸危機前後的發展,來研究銀行在艱困時期對資產負債表大洗澡後,對其未來業務和財務表現的影響,以及市場對其評價的改變。本論文採用個案研究,分析兩家銀行從誕生以來內外環境的不同的情況下,銀行如何在危機中決策對不良資產的處置,最終造成了兩者在次貸危機時期和現在完全相反的評價。 擁有同樣發展軌跡的兩大歐洲銀行,在次貸危機後,兩家銀行對不良資產的處理和業務發展截然不同。研究結果指出,當銀行面對破產危機時,銀行應對風險更積極的揭露,並嚴格認列不良資產減損以追求長期發展。銀行和政府在公開透明的原則下,透過政府分擔部分風險,訂定穩定市場機制的情況下,市場機制自然能發揮作用,大型銀行即可透過調整自身策略,重返正軌。 | zh_TW |
dc.description.abstract | The banking industry is an important force supporting real economic activity. The banking industry, whenever facing economic recession or financial crisis, has often suffered great harm and been forced to restructure its business or make special arrangements for the toxic assets. The government also faced with the difficult choice of whether to strengthen supervision or bail out against banks.
This study looks at the development of the two largest European banks, UBS and Deutsche Bank, before and after the subprime mortgage crisis. The impact on their future business and financial performance after the big bath during the hard times and the changes in the market's perception. This paper uses a case study to analyze how a bank makes decisions in a crisis given the different internal and external circumstances of the two banks since their inception. The disposition of toxic assets ultimately resulted in opposite evaluations between the two banks during the subprime crisis and today. The treatment of toxic assets and business development of the two major European banks, which share the same trajectory of development, have been very different since the sub-prime crisis. The findings suggest that when a bank faces an insolvency crisis, banks should be more proactive in disclosing risks and should strictly recognize impairment of toxic assets to pursue long-term development. Under the principle of openness and transparency, with the government sharing part of the risks and establishing a stable market mechanism, the market mechanism can naturally play a role, and large banks can then adjust their strategies to get back on track. | en |
dc.description.provenance | Made available in DSpace on 2021-06-07T17:33:11Z (GMT). No. of bitstreams: 1 U0001-2806202023210500.pdf: 2348593 bytes, checksum: 053882c0b95dc3a82e763743465e774e (MD5) Previous issue date: 2020 | en |
dc.description.tableofcontents | 中文摘要 i ABSTRACT ii 目錄 iii 圖目錄 v 表目錄 viii 第一章 緒論 1 1.1 研究動機 1 1.2 研究目的 3 1.3 研究方法與架構 4 第二章 文獻回顧 5 2.1 資產負債表外業務對銀行影響 5 2.2 政府監管對銀行影響 6 第三章 個案分析:次貸危機中的瑞銀、德意志銀行 8 3.1 瑞銀集團次級房貸個案分析 9 3.1.1 瑞銀集團成立簡介 9 3.1.2 瑞銀集團在次貸風暴前的發展策略 10 3.1.3 瑞銀集團在次貸風暴中的表現 13 3.1.4 瑞銀集團和瑞士政府因應銀行壞帳的措施 19 3.1.5 SNB穩定基金處理機制 27 3.2 德意志銀行次級房貸個案分析 31 3.2.1 德意志銀行成立簡介 31 3.2.2 德意志銀行在次貸風暴前的發展策略 33 3.2.3 德意志銀行在次貸風暴中的表現 38 3.2.4 德國因應銀行壞帳的措施 43 第四章 次貸危機後的瑞銀集團、德意志銀行 48 4.1 瑞銀集團和德意志銀行在次貸危機中之比較 48 4.1.1 瑞士和德國銀行業差異簡介 48 4.1.2 瑞銀集團和德意志銀行的財務表現 50 4.1.3 市場反應 54 4.2 瑞銀集團和德意志銀行的近年發展 59 4.2.1 瑞銀集團近年發展 59 4.2.2 德意志銀行近年發展 65 4.3 其它美系銀行案例 74 4.3.1 摩根大通 74 4.3.2 摩根史坦利與高盛集團 78 4.4 市場評價綜合比較 81 4.4.1 德意志銀行對比瑞銀 82 4.4.2 德意志銀行對比摩根大通 84 4.4.3 德意志銀行對比摩根史坦利和高盛集團 86 第五章 結論與建議 88 參考文獻 90 | |
dc.language.iso | zh-TW | |
dc.title | 資產負債表洗澡對銀行之重要性 - 以瑞銀對比德意志銀行 | zh_TW |
dc.title | The Importance of Taking Big Bath in Banking Industry - The Cases of UBS and Deutsche Bank | en |
dc.type | Thesis | |
dc.date.schoolyear | 108-2 | |
dc.description.degree | 碩士 | |
dc.contributor.oralexamcommittee | 蔡偉澎(Wei-Pen Tsai),何耕宇(Keng-Yu Ho) | |
dc.subject.keyword | NULL | en |
dc.relation.page | 91 | |
dc.identifier.doi | 10.6342/NTU202001174 | |
dc.rights.note | 未授權 | |
dc.date.accepted | 2020-06-30 | |
dc.contributor.author-college | 管理學院 | zh_TW |
dc.contributor.author-dept | 財務金融學研究所 | zh_TW |
顯示於系所單位: | 財務金融學系 |
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