本文主旨在了解在台灣與民生息息相關的銀行、郵局的存放款利率，是有什麼樣程度的受到債券市場的影響。本文使用Eviews研究2000/01~2015/05公債殖利率、央行利率對於其他變數是否有顯著相關。首先檢驗資料是否為定態後，考量差分後資料無經濟意義，便以變動率取代原始資料，以最小平方法進行單、多因子迴歸。結果顯示從理論或實證都能證明中央銀行透過貨幣政策、公開市場操作來影響利率，從本文研究可看出其影響力更甚於十年期公債殖利率。配合相關係數來看，可推測央行的操作不僅直接的影響著銀行及郵局的利率，也透過這些利率再去影響其他利率，使得利率間互相影響使效果增強，唯一例外是十年期公債殖利率在十五年期房貸利率上有更好的影響以及解釋力。 / The main topic of the thesis is to understand whether the bond market in Taiwan has influence on the bank saving rates and lending rates. Considering the data will lose its economics meaning after the first order difference, we use churn rate instead of the original data to construct single and multi-factor regression using. The result comes out that both theories and the paper’s result can show that the central bank has strong power over the rates. The central bank interest rate is a more significant explanatory variable than the ten-year bond yield and has positive impact on other dependent variables. The only exception is that the ten-year bond yield has the best explanatory power over the 15-year mortgage rates than other variables.
| Identifer | oai:union.ndltd.org:CHENGCHI/G1023520201 |
| Creators | 范巧欣, FAN, Chiao Hsin |
| Publisher | 國立政治大學 |
| Source Sets | National Chengchi University Libraries |
| Language | 中文 |
| Detected Language | English |
| Type | text |
| Rights | Copyright © nccu library on behalf of the copyright holders |
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