Summary Reviews of Empirical International Finance: 20161113

2016-11-18

國金期末用論文+期末報告影片

Impact of Foreign Exchange rate on stock prices

作者:

Maheen1 jamil , 2Mr Naeem Ullah

資料來源:

IOSR Journal of Business and Management (IOSR-JBM) e-ISSN: 2278-487X. Volume 7, Issue 3 (Jan. - Feb. 2013), PP 45-51

文件類型:

Article

主題術語:

cointegration

Phillip Peron(PP) tests

ordinary least square regression

摘要:

Foreign exchange fluctuations have been found in the literature review to have an impact on the stock market return and the fluctuations in the stock prices. This research uses the cointegration technique to analyze the impact of USD to PKR exchange rate on the stock return market in Pakistan. The stock market return has been studied by KSE 100 Index. The results show that a relationship between the two variables exists in the short run in Pakistan.

ISSN:

2278-487X

國金期末報告

國貿碩一 10592009 方羿傑

指導教授:楊奕農

台灣股市對外匯匯率的影響

摘要

股票市場回報率對投資人來說是很重要的，而其中影響股票回報率的一個因素則是匯率。外匯回報對國家的經濟影響大也很重要，若發現外匯率和股票市場之間存在關係，那麼投資人就有機會藉股市的情況對外匯進行投資。本研究用共整合來分析股市對美元換台幣之匯率有何影響。在這個研究，我使用從臺灣證券交易所取得之2014年1月到2016年11月臺灣50月平均報酬指數，和從華南商業銀行金融交易部外匯交易科取得之2014年1月到2016年11月美元兌台幣之月平均匯率作為兩變數。一開始先用單根檢定(Phillip Peron（PP）檢定)進行平穩性測試，若測試過了則進一步在做ADF檢定增加其可信度並進一步檢定單根，之後再以共整合檢定確認其是否存在長期關係，一但有長期關係，則使用VECM向量誤差修正模型，看是否有短期影響。結果表明兩者間存在長期關係，但卻不存在短期關係。.

國金期末報告影片

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== Posted on 2009.10.05 ==
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重要事項 Import Notes