Please use this identifier to cite or link to this item:
https://ah.lib.nccu.edu.tw/handle/140.119/119070
DC Field | Value | Language |
---|---|---|
dc.contributor | 金融系 | - |
dc.creator | 廖四郎 | zh_TW |
dc.creator | Liao, Szu-Lang | en_US |
dc.creator | Lin, Chien-Hsiu | en_US |
dc.creator | Lai, Chia-Wei | zh_TW |
dc.creator | Lin, Jung-Hsuan | en_US |
dc.date | 2017 | - |
dc.date.accessioned | 2018-07-30T09:48:08Z | - |
dc.date.available | 2018-07-30T09:48:08Z | - |
dc.date.issued | 2018-07-30T09:48:08Z | - |
dc.identifier.uri | http://nccur.lib.nccu.edu.tw/handle/140.119/119070 | - |
dc.description.abstract | This paper is to investigate the impacts of the U.S. quantitative easing (QE) policy on the volatility of stock and exchange markets and the dynamic correlation between stock and exchange markets in the Asian countries. Our empirical results show that the U.S. QE policy would ease the fluctuations caused by the 2008 global financial crises by reducing the volatility of stock and exchange markets in the Asian countries, especially during the QE1 period. Using the DCC GARCH model, we explore whether the QE policy made significant changes of the structure between stock and exchange markets. We find that the dynamic correlation coefficients of stock and exchange markets in Hong Kong, Malaysia, Taiwan and Thailand show a dramatic change during the period of financial crisis and QE policy. In particular, the stock indices rise more and the currencies appreciate more during the QE1. | - |
dc.format.extent | 491466 bytes | - |
dc.format.mimetype | application/pdf | - |
dc.relation | International Research Journal of Finance and Economics,Vol.165, p.55-67 | - |
dc.title | Influences of Quantitative Easing Policy on Volatility and Correlation among Asian Financial Markets | en_US |
dc.type | article | - |
item.fulltext | With Fulltext | - |
item.openairetype | article | - |
item.cerifentitytype | Publications | - |
item.openairecristype | http://purl.org/coar/resource_type/c_18cf | - |
item.grantfulltext | restricted | - |
Appears in Collections: | 期刊論文 |
Files in This Item:
File | Description | Size | Format | |
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IRJFE_165_06.pdf | 479.95 kB | Adobe PDF2 | View/Open |
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