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

2011-10-03

Stock Prices and Exchange Rates: Empirical Evidence from Kuwait’s Financial Markets




  • 文獻來源 source:

By: Alhayky, Ahmed; Houdou, Ndambendia. IUP Journal of Financial Economics, Sep2009, Vol. 7 Issue 3/4, p71-82, 12p, 7 Charts(原文連至DOL)





  • 基本理論:

本篇主要探討科威特股價與他國匯率之間的關係



 研究方法與邏輯 Methodology:


l  Johansen method


l   ADF Unit Root Tests

l   Cointegration Test

l   Granger Causality Tests

l   Error Correction Models

需要統計數據(Data)
l         股價指數
l         美、日、英、歐元 匯率

 主要實證結果 Main Findings

l         透過共整合檢驗發現科威特對美元、日圓、英鎊有長期均衡關係;同時與歐元沒有長期關係

l         Granger因果檢驗發現
  長期來看,科威特和英鎊和日圓和美元有雙邊因果關係
此外我們發現在短期內科威特和英鎊沒有單向和雙邊因果關係,然而我們發現證據顯示從股價到匯率對美元和日元單向因果關係非常顯著

困難與遭遇之問題 Your Question and Difficulties:

l         檢定流程與方法不夠熟練,一些英文專有名詞不太熟悉
l         判斷table數據不夠熟悉,需要多多練習
l         解讀英文邏輯能力不足
有用參考文獻 Other Useful Resources:

l         時間序列分析(楊奕農 著)
















1 則留言:

林小葦 提到...

你好~^^~
文獻來源的格式不對喔!!~請參考公告中的範例!~
謝謝~^^~

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