The Effect of Macroeconomic Factors, Quantitative Easing and Taiwan’s Financial Policies on the Profitability of Offshore Banking Units: 2000-2012  

Oleh:

Kuo, Fang-Chih ; Kang, Hsin-Hong

Jenis: Article from Proceeding
Dalam koleksi: The International Symposium on Social Sciences (TISSS) and Hong Kong International Conference on Education, Psychology and Society (HKICEPS) at Hongkong, December 2013, page 361-367.
Topik: Offshore Banking Unit; Offshore Financial Center; Macroeconomic Factors; Ordinary Least Square
Fulltext: Hong Kong-Conference 55.pdf (318.38KB)

Isi artikel

Banks in Taiwan now face strong competition because there are too many banks, the products of each bank are quite similar, and the interest rate spread and fees charged are low. In order to break through this predicament, Taiwanese banks need to widen their sources of profits, and the Offshore Banking Unit (OBU) business is something Taiwanese banks can take advantage of. This research is an attempt to determine what factors affected the profitability of Taiwan’s OBUs during the years 2000 to 2012. This research uses Ordinary Least Squares and econometrics testing methods to investigate whether macroeconomic factors, Quantitative Easing policies and the launch of policy allowing banks to lend renminbi loans using OBUs had an impact on OBU profitability. This research finds out “The lending rate of China”, ”The remaining lending balance in foreign currencies”, ”QE1” and ”The launch of policy allowing banks to lend renminbi loans using OBUs” have positive effects on OBU’s profitability. And among them, “The launch of policy allowing banks to lend renminbi loans using OBUs” has not only positive but also significant effect on OBU’s profitability.

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