Please use this identifier to cite or link to this item:
https://ah.lib.nccu.edu.tw/handle/140.119/63900
DC Field | Value | Language |
---|---|---|
dc.contributor | 金融系 | en_US |
dc.creator | Lin, Chien-Hsiu | en_US |
dc.creator | 林建秀 | zh_TW |
dc.date | 2011-09 | en_US |
dc.date.accessioned | 2014-02-17T09:47:58Z | - |
dc.date.available | 2014-02-17T09:47:58Z | - |
dc.date.issued | 2014-02-17T09:47:58Z | - |
dc.identifier.uri | http://nccur.lib.nccu.edu.tw/handle/140.119/63900 | - |
dc.description.abstract | This paper investigates the impact of foreign exchange rate change on stock returns in the Asian emerging markets. The asymmetric exchange exposure framework and real exchange rates are used in this paper to capture the different exposures between currency appreciation and depreciation and the high inflation effect in the emerging markets. My empirical results show that there did exist extensive exchange rate exposure in the Asian emerging markets from 1997 to 2010. Moreover, foreign exchange exposure became more significant or greater during the 1997 Asian crisis and the 2008 global crisis periods, despite the frequent central banks’ interventions during these periods. The greater exchange exposure during the crisis periods can be attributable to net exporters or firms with dollar assets, implying that firms can reduce exchange exposures by decreasing their export ratio or dollar assets holding during times of crisis. | en_US |
dc.format.extent | 299217 bytes | - |
dc.format.mimetype | application/pdf | - |
dc.language.iso | en_US | - |
dc.relation | Journal of Multinational Financial Management, 21(4), 224-238 | en_US |
dc.subject | Asymmetric exchange exposure ; Financial crisis ; Central banks’ intervention ; Real exchange rate | en_US |
dc.title | Exchange Rate Exposure in the Asian Emerging Markets | en_US |
dc.type | article | en |
dc.identifier.doi | 10.1016/j.mulfin.2011.04.002 | en_US |
dc.doi.uri | http://dx.doi.org/http://dx.doi.org/10.1016/j.mulfin.2011.04.002 | en_US |
item.grantfulltext | restricted | - |
item.openairecristype | http://purl.org/coar/resource_type/c_18cf | - |
item.fulltext | With Fulltext | - |
item.cerifentitytype | Publications | - |
item.languageiso639-1 | en_US | - |
item.openairetype | article | - |
Appears in Collections: | 期刊論文 |
Files in This Item:
File | Description | Size | Format | |
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224-238.pdf | 292.2 kB | Adobe PDF2 | View/Open |
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