重要事項 Import Notes

重要事項 Import Notes
修習國際金融專題學生,
請務必參見 課程網頁維護重要事項 Import Notes
Registered students MUST see the Import Notes

2011-10-11

Real exchange rates and hysteresis: does nominal exchange rate volatility matter ?

文獻來源
MICHAEL A. JENKIN , " Real exchange rate and hysteresis: does nominal exchange rate volatility matter? " , Applied Economic Letter , 1999 , 6 ,165-167 原文連結至

重點摘要
基本理論
本文獻是在檢定名目匯率的浮動是否牽扯到接受或拒絕單根檢定的實質匯率。以歐洲各國的exchange rate mechanism(ERM)為樣本。檢測這些組合的名目匯率是浮動的或是穩定的，接著檢定其結果是否會影響單根檢定的實質匯率。

研究方法
主要的研究方法：ADF和迴歸。

需要的統計數據
CPI和exchange rate

需要之統計變數
使用的數據為澳洲、比利時、丹麥、得國、西班牙、芬蘭、法國、希臘、義大利、荷蘭、葡萄牙、瑞典和英國，十三個國家的CPI和exchange rate。

主要實證結論
結果顯示名目匯率的波動無法解釋實質匯率的單跟檢定的結果。

困難處和遭遇的問題
由於我的英文不是很好，所以在看這篇文獻的時候顯得很吃力，反覆看了許多次之後還是對於這篇文獻懵懵懂懂的。再加上我的統計基礎並沒有很穩固，對於文獻中的表、公式上的解讀也是很費力。

有用的參考文獻
1.時間序列分析(楊奕農 著)
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PO 文注意事項 (Notes about your posts required for this course)

每位同學必需建立與維護 2 個網頁: (updated on 2010.9.19)
Every registered student MUST post and maintain TWO pages at this site.

1. 你的期末報告想要仿照的原始 paper 重點摘要頁, 見 [範例]
A summary of the paper you choose to follow in your term-project. (see a suggestive [summary example ]).

2. 你的學習紀錄頁, 見 [範例]
A "learning weblog" of your progress during this course (see [example]). This example is demonstrative rather than required to conform to.

3. 記得每一頁要在頁尾處輸入你的「標籤」, 包含學號後5碼, 名字或暱稱, 和 其它你自訂的關鍵字, 例 ADF、共整合、PPP、等
When you edit your pages, be sure to write appropriate "Tags" (as many as you wish) (around the bottom of editing screen) for your posted pages to let me identify your required contributions. The tags should at least include your last 5-digit student ID and keywords about the page.

4. 請同學在你所選的 paper 加上標籤:「已選」
If you have already decided a paper to follow and post a page for it. Please be sure to attach that page a specific tag named "selected or 已選." It is of course possible that two or more students may choose the same paper to follow as their term-project. BUT only one of them can be authorized to follow the specific paper. The decision will be based on a first-come-first-serve rule. That is, the one who posts the summary page of a paper gets the first priority to follow that paper posted with a tag named"selected" paper .

5. 在你的 學習紀錄頁加上標籤:「學習記事」
Don't forget to stick a tag "weblog" with your "learning weblog" page in addition to your last 5-digit student ID.


== Posted on 2009.10.05 ==
請同學在你所選的 paper 加上標籤:「已選」
在你的 學習紀錄頁加上標籤:「學習記事」