English  |  正體中文  |  简体中文  |  Items with full text/Total items : 62570/95233 (66%)
Visitors : 2558282      Online Users : 273
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: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/88990

    Title: Bounds Testing Approach to the Exchange Rate Overshooting in Taiwan
    Authors: Wang, Yu-Shan;Nieh, Chien-Chung
    Contributors: 淡江大學財務金融學系
    Keywords: ARDL;bound test;overshooting;exchange rate
    Date: 2004-06-24
    Issue Date: 2013-05-01 19:43:21 (UTC+8)
    Publisher: 臺北縣淡水鎮:淡江大學管理學院會計學系
    Abstract: We employ the newly developed ARDL-ECM-MAIC bounds test (Pesaran, Shin and Smith. 2001) testing for the exchange rate overshooting phenomenon in Taiwan over 1986:01-2003:04. The ARDL approach is appropriate to test for the dynamic modeling irrespective of whether the variables are I (0) or I (1). We find the evidence that there do not exist a short-run overshooting phenomenon, which implies that no abnormal fluctuation of exchange rate in the presence of speculative bubble occurs during the sample period considered in Taiwan. The empirical fmding also provides the evidence for no existence of a long-run relationship between exchange rate and macroeconomic variables (money supply, industrial production, interest rate, and inflation rate), which objects the Dornbusch's (1976) stick price model of monetary approach to exchange rate determination.
    Relation: 2004年兩岸會計與管理學術研討會論文集(下),頁360-376
    Appears in Collections:[Graduate Institute & Department of Banking and Finance] Proceeding

    Files in This Item:

    File SizeFormat

    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