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http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/25438
Title: | 匯率與國際收支帳之關連性─台灣之實證分析 Relationship between Exchange Rate and Balance of Payment—Empirical Analysis of Taiwan |
Authors: | Sheng-Hsin Chen 陳勝鑫 |
Advisor: | 陳思寬 |
Keyword: | 匯率,國際收支,共整合,誤差修正,變異數分解, exchange rate,BOP,unit root test,cointegration test,variance decomposition, |
Publication Year : | 2007 |
Degree: | 碩士 |
Abstract: | 本篇碩士論文研究採用計量經濟學的各項分析工具,以近二十年來台灣金融市場、國際收支帳與總體經濟變數的實質資料,探討台灣的匯率、影響經常帳的重要總經變數、代表資本移動的金融帳變數,三者之間的結構性變化與長期均衡關係,作一分析研究與評論。
在實證結果中,顯示台美兩國相對物價水準與台美名目匯價呈現正向關係,台美兩國貿易財相對生產力、台灣淨直接投資、台灣淨其它投資與台美名目匯價呈現反向關係。因此,實證模型中之變數群對台美名目匯率的影響方向大致與理論所述一致,其中只有台灣淨國外資產、台灣淨證券投資,此兩變數對台美名目匯率的影響方向與理論推測有所不同。 In this paper we research the relationship between nominal exchange rate and balance of payment in Taiwan. We use unit root test, cointegration test, variance decomposition test, error correction model, to know interaction situation of these variables and to build up empirical model of those. The research results show that empirical outcomes are close to theoretical outcomes, but empirical results of variables of Taiwan net foreign assets, Taiwan net portfolio investment, are unusual in influence direction of nominal exchange rate. |
URI: | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/25438 |
Fulltext Rights: | 未授權 |
Appears in Collections: | 國際企業學系 |
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