本文透過兩期、兩階段的選擇權評價模式來分析，在資本管制、資訊不對稱、電子金融涉入程度與存款機構之最適存款利率之關係。本文認為電子金融不只是一項科技，同時也是種策略，於本文模型分析結果顯示，一旦我們將電子金融視為一項科技時，當存款機構採行存、放款互補策略時，則存款機構可以利用網路來取代銀行之實體分行。而一旦我們將電子金融視為一項策略時，當存款機構採行電子金融互補策略(替代)時，則資本管制與資訊不稱的程度提高，將會為存款機構發展電子金融提供誘因(無誘因)。因此，本文研究結果可以為電子金融提供另一種的解釋角度，更提供存款機構在發展電子金融策略時做為參考。

We use a two-stage, two-period option-based model to study how capital regulation, asymmetric information, strategic e-finance and the depository financial intermediary’s optimal deposit rate relate to one another.  We found that e-finance can be treated as not only a technology but also a strategy.  Once we treated that e-finance is a technology, we found that the depository financial intermediary can use the Internet to supplant its branches under the strategic complements in the strategic asset-liability management.  Once we treated that e-finance is a strategy, we found that an increase in the capital requirements and asymmetrical information provide incentives for the intermediary’s developing e-finance under the strategic e-finance complements. Since our findings provide an alternative explanation for e-finance literature.

目錄

第一章 緒論--------------------------------------------------------------------1
第一節 研究背景-----------------------------------------------------------2
第二節 研究動機與目的--------------------------------------------------3
第三節 研究架構與流程--------------------------------------------------6
第二章 文獻回顧-------------------------------------------------------------9
第一節 電子金融對銀行廠商營運之影響----------------------------9
	第二節 銀行廠商理論的利率制定行為-------------------------------19
第三節 資本管制與資訊不對稱對銀行廠商之影響----------------25
第四節 Black and Scholes選擇權訂價模型之文獻----------------32
第三章 基本模型------------------------------------------------------------37
第一節 模型之基本假設-------------------------------------------------37
第二節 目標函數之建立-------------------------------------------------42
第四章 比較靜態分析-----------------------------------------------------51
第一節 最適放款數量與存款利率-------------------------------------52
第二節 最適電子金融策略之選擇-------------------------------------57
第五章 結論-------------------------------------------------------------------63
參考文獻------------------------------------------------------------------------65
圖表目錄

圖1-1 本文之研究架構圖------------------------------------------------------8
表2-1 電子金融對銀行廠商營運影響--------------------------------------17
表2-2 銀行廠商理論的率制定行為-----------------------------------------24
表2-3 資本管制與資訊不對稱對銀行廠商之影響-----------------------31
表2-4 Black and Scholes選擇權訂價模型---------------------------------36

中文部份：

丁美蓉 (2001)，「存款保險、銀行隱藏行為與利差管理」，淡江大學國際企業學研究所碩士論文。

李保中 (2003)，「利率上限避險契約與銀行放款利率管理-選擇權評價模式分析」，淡江大學國際企業學研究所碩士班論文。

林彥輝 (2004)，「銀行利率決策與金融電子商務技術選擇」，淡江大學國際企業學研究所碩士班論文。

林峻嘉 (2000)，「銀行廠商的存款、放款行為決策-或有請求權分析法」，淡江大學國際企業學研究所碩士論文。

卓慶龍 (1999)，「網際網路之金融服務-以美國網路銀行為例」，台灣大學商學研究所碩士論文。

周繼儒 (2003)，「銀行利率制訂行為與金融電子商務涉入決策-選擇權訂價模式分析」，淡江大學國際企業學研究所碩士在職專班論文。

陳明貴 (2000)，「資本管制下主併銀行的利率設定行為-或有請求權分析」，淡江大學國際企業學研究所碩士班論文。

張麗娟 (2000)，「銀行開放設立前後資本管制與資本決策之研究-運用混合橫斷面和時間序列迴歸模型」，臺灣銀行季刊，51，3，505-338。

羅仰萍 (2003)，「電子商務對直銷產業之顧客關係管理的影響與應用」，元智大學資訊管理學系碩士論文。 


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