dc.contributor.advisor | 朱美麗 | zh_TW |
dc.contributor.author (Authors) | 薛雅月 | zh_TW |
dc.creator (作者) | 薛雅月 | zh_TW |
dc.date (日期) | 2003 | en_US |
dc.date.accessioned | 18-Sep-2009 15:55:34 (UTC+8) | - |
dc.date.available | 18-Sep-2009 15:55:34 (UTC+8) | - |
dc.date.issued (上傳時間) | 18-Sep-2009 15:55:34 (UTC+8) | - |
dc.identifier (Other Identifiers) | G0091258023 | en_US |
dc.identifier.uri (URI) | https://nccur.lib.nccu.edu.tw/handle/140.119/35750 | - |
dc.description (描述) | 碩士 | zh_TW |
dc.description (描述) | 國立政治大學 | zh_TW |
dc.description (描述) | 經濟研究所 | zh_TW |
dc.description (描述) | 91258023 | zh_TW |
dc.description (描述) | 92 | zh_TW |
dc.description.abstract (摘要) | 無 | zh_TW |
dc.description.abstract (摘要) | This study establishes a model of the stock market involving the rational speculators to investigate whether the imposition of tax on capital gains can reduce the market volatility. The finding is that the effect of tax on the stock price volatility varies according to the types of shocks hitting the market. In the cases of the issuing shock and the dividend shock, raising the tax rate could be a way to stabilize the stock market. On the contrary, when the margin-rate shock occurs, it tends to magnify the effect of the shock and therefore increases the market volatility. Thus, it could be concluded that an increase in the tax rate may increase or decrease the stock price volatility depending on the type of unexpected shocks. | en_US |
dc.description.tableofcontents | 1.Introduction…………………………………………………………12.The model……………………………………………………………42.1 The firm sector………………………………………………42.2 Long-term shareholders…………………………………..................52.3 Rational speculators……………………………………………72.4 Market solution…………………………………………… 93. Taxation on capital gains and the stock price volatility……………………. 123.1 The issuing shock……………………………………………143.2 The dividend shock………………………………………… 153.3 The margin-rate shock………………………………………174.Conclusion……………………………………………………… 20References………………………………………………………… 22Appendix…………………………………………………………… 24 | zh_TW |
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dc.format.mimetype | application/pdf | - |
dc.format.mimetype | application/pdf | - |
dc.format.mimetype | application/pdf | - |
dc.format.mimetype | application/pdf | - |
dc.format.mimetype | application/pdf | - |
dc.format.mimetype | application/pdf | - |
dc.format.mimetype | application/pdf | - |
dc.format.mimetype | application/pdf | - |
dc.format.mimetype | application/pdf | - |
dc.language.iso | en_US | - |
dc.source.uri (資料來源) | http://thesis.lib.nccu.edu.tw/record/#G0091258023 | en_US |
dc.subject (關鍵詞) | 資本利得稅 | zh_TW |
dc.subject (關鍵詞) | 股價波動 | zh_TW |
dc.subject (關鍵詞) | 理性投機 | zh_TW |
dc.subject (關鍵詞) | capital gains tax | en_US |
dc.subject (關鍵詞) | stock price volatility | en_US |
dc.subject (關鍵詞) | rational speculation | en_US |
dc.title (題名) | The Taxation on Capital Gains and the Stock Price Volatility | zh_TW |
dc.title (題名) | 資本利得稅與股價波動 | zh_TW |
dc.type (資料類型) | thesis | en |
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dc.relation.reference (參考文獻) | Blanchard, D. J. (1981), ”Output, the Stock Market, and Interest Rate,” The American Economic Review, vol.71, no.1, 132-143. | zh_TW |
dc.relation.reference (參考文獻) | Carlson, J. A. and C.L. Osler,., (2000), “Rational Speculators and Exchange Rate Volatility,” European Economic Review, 44, pp. 231-253. | zh_TW |
dc.relation.reference (參考文獻) | Chu M.L. (2003), “Foreign Capital, Speculation and Equity Market Volatility,” NSC Research Project Report. | zh_TW |
dc.relation.reference (參考文獻) | Chu M.L. (2004), “Capital Controls and Equity Markets,” NSC Research Project Report. | zh_TW |
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dc.relation.reference (參考文獻) | Friedman, M., (1953), Essays in positive Economics. University of Chicago Press, Chicago. | zh_TW |
dc.relation.reference (參考文獻) | Hsu Z.W. (2003), ”The Rational Speculation and Stock Price Volatility,” Master-Thesis (In Chinese). | zh_TW |
dc.relation.reference (參考文獻) | Jones C.M. and P.J. Seguin (1995), “Transactions Costs and Price Volatility: Evidence from Commission Deregulation,” Working Paper, University of Michigan. | zh_TW |
dc.relation.reference (參考文獻) | Muth, J. F., (1961), “Rational Expectations and the Theory of Price Movements,” Econometrica, 29, 3, pp. 315-335. | zh_TW |
dc.relation.reference (參考文獻) | Sargent, Thomas J.,(1973), “Rational Expectations, the Real Rate of Interest, and the Natural Rate of Unemployment,” Brookings Papers on Economic Activity, vol.2, pp. 429-472. | zh_TW |
dc.relation.reference (參考文獻) | Somers, H. M. (1948), “An Economic Analysis of the Capital Gains Tax,” National Tax Journal, vol.1, pp. 257-294. | zh_TW |
dc.relation.reference (參考文獻) | Tobin, J. (1969), “A General Equilibrium Approach to Monetary Theory,” Journal of Money, Credit and Banking, vol.1, February, pp. 15-29. | zh_TW |
dc.relation.reference (參考文獻) | Tobin, J. (1978), “A Proposal for International Monetary Reform,” Eastern Economic Journal, 4, pp. 153-159. | zh_TW |