课程名称︰货币银行学 课程性质︰必修 课程教师︰陈南光 开课学院：社会科学院 开课系所︰经济学系 考试日期（年月日）︰101.4.20 考试时限（分钟）：110 是否需发放奖励金：Yes （如未明确表示，则不予发放） 试题 : (1) (16 points) Explain how each of the followings raises or lowers the Basel bank capital adequacy ratio (CAR) by affecting either the numerator (capital) or the denominator (risk-adjusted assets) of the ratio. (a) The bank issues more long-term subordinated debts. (b) The bank issues a letter of credit (L/C) on behalf of its customer (an importer). (c) The bank sells some mortgage loans and purchase U.S. Treasury bonds. (d) Instead of distributing profits to shareholders, the bank uses the profits to raise loan loss reserves. (2) (14 points) Answer the following questions according to the handout "Banking Consolidation"(2004). (a) What is the main difference between the wave of mergers beginning in the early 1990s and before? (b) Five two examples of potential problems that might arise owing to megabank mergers and briefly explain. (3) (14 points) What were the impacts of branching restriction in Mcfadden Act 1927 on (a) the structure of banking industry in U.S. (b) the likelihood and severity of financial crises in U.S. (4) (14 points) Bank Runs and Contagion (a) Briefly explain the theory of information-based run and its policy implication (b) How can a government react ot reduce the likelihood of contagion in the face of bank runs? (5) (7 points) Explain briefly the differences between traditional monetary policies and quantitative easing (QE) (or credit easing (CE)) exercised by the Federal Reserve, and why QE (or CE) are often misunderstood. (6) (7 points) How does the safety net and government guarantee increase the problems of moral hazard and adverse selection? (7) (7 points) Briefly explain the purpose of the required reserve ratio and required liquidity ratio (最低流动准备比率), and their differences. (8) (7 points) Briefly analyze the purpose and effect of "prompt corrective action" designated in EFICIA (1991) in the U.S. (9) (7 points) As we have observed in Taiwan and elsewhere (such as S&L (Saving & Loans) Crisis in 1980s), the financial regulatory authority tended to handle distressed financial institutions by exercising regulatory forbearance. Briefly analyze the problem it might cause. (10) (7 points) Explain why Basel II may lead to the problem of pro-cyclicality and how doew Basel III deal with the problem. --

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