匯率不確定性對台灣出口波動之影響
碩士 === 國立政治大學 === 國際經營與貿易研究所 === 96 === This paper investigates into the effect of exchange rate uncertainty on Taiwan export volatility. Under the theoretical framework of Barkoulas et al.(2002) and the empirical monthly data of Taiwan exports from 1989 to 2007, it is summarized that the exchange r...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2008
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| Online Access: | http://ndltd.ncl.edu.tw/handle/37941612209307408957 |
| Summary: | 碩士 === 國立政治大學 === 國際經營與貿易研究所 === 96 === This paper investigates into the effect of exchange rate uncertainty on Taiwan export volatility. Under the theoretical framework of Barkoulas et al.(2002) and the empirical monthly data of Taiwan exports from 1989 to 2007, it is summarized that the exchange rate volatility of NTD/USD and NTD/JPY had no effect on the Taiwan exporting volume toward U.S. or Japan. However, the exchange rate volatility of NTD/USD did have positive effect on the export volatility of Taiwan to U.S. while that of NTD/JPY had no significant effect on the export volatility of Taiwan to Japan.It is argued that the dominant source of NTD/USD exchange rate volatility resulted from the variance of monetary authorities’ information advantage. On the other hand, it exists no such a dominant source in NTD/JPY exchange rate volatility.
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