English  |  正體中文  |  简体中文  |  Items with full text/Total items : 49358/84020 (59%)
Visitors : 7276393      Online Users : 86
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library & TKU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    Please use this identifier to cite or link to this item: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/32069


    Title: 臺灣地區國際資本流動之研究: 1991~2005
    Other Titles: A study of international capital flows in Taiwan: 1991~2005
    台灣地區國際資本流動之研究:1991~2005
    Authors: 張韶庭;Chang, Shao-ting
    Contributors: 淡江大學國際貿易學系國際企業學碩士班
    賈昭南;Chia, Chao-nan
    Keywords: 資本流動;匯率波動;國際金融整合;金融不穩定;capital flows;exchange rate fluctuation;international financial intergration;financial instability
    Date: 2008
    Issue Date: 2010-01-11 01:37:20 (UTC+8)
    Abstract: 本文使用台灣地區1991年至2005年期間的季資料,利用probit模型實證探討匯率波動性與國際金融整合程度兩項因素對於台灣地區資本淨流量之影響。結果如下:匯率波動性對於資本淨流量的影響,顯示出當匯率波動性較大時,金融不穩定性的機率會下降;而國際金融整合程度對於資本淨流量的影響,顯示出當國際金融整合程度愈高時,台灣地區的金融不穩定性的機率會提高。此外,以上兩個變數交叉項對資本淨流量為正向的關係,顯示匯率波動性可以抵銷國際金融整合程度的影響。但就台灣地區資料來看,當前的國際金融整合程度已經高到難以藉由浮動匯率制度予以抵銷,必須另謀他策。
    This article applies a probit model to empirically estimate the effects of exchange rate fluctuations and international financial integration degree on the net capital flow in Taiwan using quaterly data covering the period from 1991 to 2005.Our finding proved that exchange rate fluctuations have generated negative effects to the net capital flow, indicating that financial instability might be eliminated by allowing fluctuations in foreign exchange rate. International financial integration can significantly generate adverse effect to financial stability. Finally, the interaction effect of the two variables is used to calculate the threshold that the extent to which the adverse effect of financial integration being eliminated by exchange rate fluctuation. Our data have shown that current level of international financial integration is too high to be eliminated by the exchange rate fluctuation.
    Appears in Collections:[國際企業學系暨研究所] 學位論文

    Files in This Item:

    File SizeFormat
    0KbUnknown136View/Open

    All items in 機構典藏 are protected by copyright, with all rights reserved.


    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library & TKU Library IR teams. Copyright ©   - Feedback