10292014莊育昕 期末報告書面

期末報告書面

10292014莊育昕 我的期末報告影片

10292014莊育昕我的期末報告影片

國際金融學習記事-魏本嵢

102/11/4 學習記事: 本周上課重點:期中報告 國際金融新聞: 1.上海自貿區承擔改革決心阻力強大 2. 中國將對伊朗開發項目融資220億美元  3. 中國10月份出口數字大幅反彈

 102/11/11 學習記事: 本周上課重點:期中報告
國際金融新聞:
1. 歐盟警告西班牙意大利預算失衡
 2. 歐元區經濟火車頭法德經濟表現不給力
3. 歐元區經濟火車頭法德經濟表現不給力

102/11/18 學習記事: 本周上課重點:期中週
國際金融新聞:
1. 摩根大通同意45億美元抵押和解
 2. 紐約時報：摩根大通與溫家寶女兒的商業關係
3. 歐元區經濟火車頭法德經濟表現不給力

102/11/25 學習記事: 本周上課重點:期中報告
國際金融新聞:
1. 上海自貿區擴大人民幣跨境使用
2. 世貿總幹事：全球貿易協定談判面臨崩潰
3. 倫敦市長：貪婪有助於經濟發展  

102/12/2 學習記事:停課
國際金融新聞:
1. 中國央行禁止比特幣交易 幣值應聲下跌
2. 黃金真的最適合作貨幣嗎？
3. 中國11月CPI同比漲3% 低於預期  

102/12/9 學習記事:
本周上課重點:
0.非定態時間序列模型
1.時間趨勢與隨機趨勢
2,RW模型：（不）含截距項的RW模型
3.單根定義
國際金融新聞:
1. 人民幣成為全球第二大國際貿易融資貨幣
2. 上海自貿區擴大人民幣跨境使用
3. 中國央行新措施致比特幣幣值暴跌大半  

102/12/16 學習記事:
本周上課重點:
1.DF單根檢定
2.ADF單根檢定
3.殘差檢定
4.Enders建議之單根檢定程序
國際金融新聞:
1. 美國促中國加速改革進一步開放經濟
2. 美聯儲保持低利率 全球股市上揚
3. 美聯儲宣佈減緩經濟刺激力度  

102/12/23 學習記事:
本周上課重點:
1.共整合定義
2.誤差修正模型
3.Engle Granger共整合檢定
4.Johansen共整合檢定
國際金融新聞:
1.中國持美國國債額首超1.3萬億美元
 2. 中國央行注入流動性壓錢荒勢 
3. 中國11月實際使用外資增長5.48% 

 102/12/30 學習記事:
本周上課重點:期末報告
國際金融新聞:
1. 拉脫維亞新年加入歐元區成第18個成員國 
2. 委內瑞拉：中國50億美元貸款到位 
3. 英智庫：中國15年內成全球最大經濟體

103/1/6 學習記事:
本周上課重點:
期末報告期末報告—魏本嵢
國際金融新聞:
1.經濟學家奧尼爾解釋為何看好「薄荷四國」 
2.中國將遏制地方負債推動金融改革 
3. IMF：將上調全球經濟增長預測  

103/1/13 學習記事:
本周上課重點:期末報告
國際金融新聞:
1. 中國計劃今年批准成立三至五家民營銀行
2. 三星發佈預警稱第四季度盈利下降
3. 分析：中國油氣資源方向性預測

10292020莊易昇期末報告

我的期末報告

國際金融期末報告

EXCHANGE RATE DURING THE FINANCIAL CRISIS
PhD. Elena PELINESCU
Institut for Economic Forecasting – NIER, Romanian Academy
Abstract:
The paper analyzes the evolution of the exchange rate in Romania during
the financial crisis in order to offer some information regarding how the exchange
rates react in the presence of some socks. We used a Vector autoregressive
technics and impulse function and the conclusion is that in the case of It is
observed that an unexpected shock in the interbank operations and aggregate
supply leads to a slight increase of 0.2% in the exchange rate leu / euro and a
shock in the foreign exchange market trading volume may lead to a negative shock
in the exchange rate leu / euro, with a continuing influence of 6 months before
returning to the previous situation before the shock. The exchange rate channel is
an important tool in taking shocks in national and international economy and the
loss of this channel by fixing the exchange rate of the European currency would
make it difficult to accept such shocks to the labor market and goods market.
Keywords: exchange rate, vector autoregressive, financial crises.

期末報告文章

國際金融期中報告

國際金融期中報告
https://www.youtube.com/watch?v=xZx67Y3zezU

Gold Price Before and After the Subprime Crisis

Gold Price Before and After the Subprime Crisis. 

 By: Vatti, Raja R. 

Proceedings of the Northeast Business & Economics Association. 2010, p388-390. 3p. 2 Charts. 

Abstract: Despite the disappearance of the gold standard in international exchange markets, gold is still perceived by the governments and people as a commodity of unquestionable value. With the Bretton Woods agreements in 1944, and with a major share of global GDP and innovative technology, the US dollar gained a premium role as a most sought after currency reserve in the international exchanges. The recent economic union of several countries in Europe brought the Euro as a currency to reckon with, and the Euro intends to compete with the US dollar as a reserve currency. The current study investigates the relationship between gold price fluctuations and exchange rates between the US dollar and Euro. The strength or weakness of the dollar relative to the Euro would be related to gold price behavior. A simple non-linear regression model would be developed to quantify the impact of the dollar's value in Euros on gold price. Another key objective of the current research is to observe whether the relationship changed after the US subprime crisis. Two regression models would be developed, one with the daily data before the subprime crisis, and the other with the daily data after the subprime crisis. If the differences exist, they will be discussed. [ABSTRACT FROM AUTHOR] (AN: 56100880)

http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=56100880&lang=zh-tw&site=ehost-live

A Century of Global Equity Market Correlations

作者:

Dennis P. Quinn and Hans-Joachim Voth

資料來源:

A century of Global Equity Market Correlations

作者提供的關鍵字:

Equity Market Correlations 

Country Indices

Cross-Sectional Variation

   摘要:    

研究方法:

In this paper, we use a unique long-run dataset of regulatory constraints

 on capital account openness to explain stock market correlations.

Regressions.

期中影片:
10292009，沈孟薇，期中影片

期末影片:
10292009 沈孟薇 期末影片

COINTEGRATION AND SHORT-RUN DYNAMICS OF U.S. LONG BOND RATE AND INFLATION RATE

作者:

Kasibhatla, Krishna M.1

資料來源:

North American Journal of Finance & Banking Research. 2010, Vol. 4 Issue 4, p50-61. 12p. 4 Charts.

文件類型:

Article

主題術語:

*COINTEGRATION
*BONDS (Finance) -- Ratings & rankings
*BONDS (Finance)
*INTEREST rates -- Effect of inflation on
*FISHER effect (Economics)
*BANKING industry -- United States

地理詞彙:

UNITED States

作者提供的關鍵字:

cointegration
degree of integration
erro-correction
Granger causality
unit root

NAICS/產業代碼:

522298 All Other Nondepository Credit Intermediation

摘要:

According to the Fisher hypothesis the nominal bond interest rate adjusts to changes in the expected rate of inflation. This also implies the efficiency of the financial asset markets. Optimizing behavior of agents in asset markets requires that the nominal yield on bonds and expectations of inflation move in the same direction. The original Fisher hypothesis stipulates a one-to-one relationship between expectedrate of inflation and nominal interest rates, unadjusted for taxes. This dynamic relationship between the long-bond yield and expectedinflation rate as well as the long-run equilibrium relationship between the two rates, in the presence of the Federal Reserve's close monitoring of the inflation rate, is investigated using the Johansen and Juselius (JJ) (1990, 1995) cointegration and equilibrium error correction methodology. The empirical results of our study strongly indicate that bond rate and consumer inflation rate are cointegrated. Secondly, bond rate is caused by consumer price inflation and consumer inflation is not caused by bond rate. Further, our empirical results support Darby's (1975) finding of 'augmented Fisher effect.' The implication of this finding is that the interest rate, not adjusted for taxes, has to increase by nearly 1.52 when the inflation rate rises by one unit in order to keep the real rate constant. [ABSTRACT FROM AUTHOR]

 

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作者所屬機構:

1North Carolina A&T State University, USA

ISSN:

1933-3447

入藏號碼:

52918221

http://0-web.ebscohost.com.cylis.lib.cycu.edu.tw/ehost/detail?vid=3&sid=2a36f3d7-466a-43be-9973-8cee24db6ad1%40sessionmgr198&hid=128&bdata=Jmxhbmc9emgtdHcmc2l0ZT1laG9zdC1saXZl#db=bth&AN=52918221

The cointegration of Asian currencies revisited

文獻來源
Japan and the World Economy, Volume 9, Issue 1, March 1997, Pages 109-114
Y.K. Tse, L.K. Ng

主題

The cointegration of Asian currencies revisited 

資料庫

Science Direct

http://0-www.sciencedirect.com.cylis.lib.cycu.edu.tw/science/article/pii/S0922142596002393

期中影片

https://www.youtube.com/watch?v=fmbiDEcWGW0&feature=youtu.be

期末影片

http://www.youtube.com/watch?v=2UKpWXhIt0s&feature=youtu.be