Real Interest Rate Parity and the Evaluation of Asian Currency Unit (ACU)-The Analysis and Application of Co integration
碩士 === 國立高雄應用科技大學 === 企業管理系碩士在職專班 === 98 === Since 1997, the outbreak of the Asian financial crisis, the Asian regional integration issues has been discussed by the level of concern in various countries, we found that economic activity of the Asian region had been more frequent , the economic and tr...
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ndltd-TW-098KUAS41210252015-10-13T18:58:40Z http://ndltd.ncl.edu.tw/handle/96218493753379274533 Real Interest Rate Parity and the Evaluation of Asian Currency Unit (ACU)-The Analysis and Application of Co integration 實質利率平價說與亞元的可行性-共整合分析應用 ho hsing Lee 李和興 碩士 國立高雄應用科技大學 企業管理系碩士在職專班 98 Since 1997, the outbreak of the Asian financial crisis, the Asian regional integration issues has been discussed by the level of concern in various countries, we found that economic activity of the Asian region had been more frequent , the economic and trade integration also speeded up. This study will research the samples period from the 1958 Q1 to 2009 Q3. there are 12 countries in this study, they are China, Indonesia, Japan, Korea, Malaysia, Myanmar, Philippines, Singapore, Taiwan, Thailand, Vietnam and Hong Kong. First, through the unit root test, we found that series of real interest rate (RIR) are non-stationary I(1)on Asian regional countries. Secondly, using Johansen test, and finding all the RIRs of these countries to Japan’s have 1 co-integration. The result is what the economic co-integration in Asia will be been through the financial and capital market interaction under the Japan’s guidance of the economic market. Finally, with VECM test , we confirmed the RIRs accepted the PIPH. The RIRs of these countries will be changed their rate cycles way. That all appear they have same directional change. Our finding show the RIPH may assess the Asian economic regional integration. About promoting evaluation of ACU, Its feasibility would be accepted. Cheng-Feng Lee 李政峰 2010 學位論文 ; thesis 62 zh-TW |
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碩士 === 國立高雄應用科技大學 === 企業管理系碩士在職專班 === 98 === Since 1997, the outbreak of the Asian financial crisis, the Asian regional integration issues has been discussed by the level of concern in various countries, we found that economic activity of the Asian region had been more frequent , the economic and trade integration also speeded up.
This study will research the samples period from the 1958 Q1 to 2009 Q3. there are 12 countries in this study, they are China, Indonesia, Japan, Korea, Malaysia, Myanmar, Philippines, Singapore, Taiwan, Thailand, Vietnam and Hong Kong. First, through the unit root test, we found that series of real interest rate (RIR) are non-stationary I(1)on Asian regional countries. Secondly, using Johansen test, and finding all the RIRs of these countries to Japan’s have 1 co-integration. The result is what the economic co-integration in Asia will be been through the financial and capital market interaction under the Japan’s guidance of the economic market. Finally, with VECM test , we confirmed the RIRs accepted the PIPH. The RIRs of these countries will be changed their rate cycles way. That all appear they have same directional change. Our finding show the RIPH may assess the Asian economic regional integration. About promoting evaluation of ACU, Its feasibility would be accepted.
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author2 |
Cheng-Feng Lee |
author_facet |
Cheng-Feng Lee ho hsing Lee 李和興 |
author |
ho hsing Lee 李和興 |
spellingShingle |
ho hsing Lee 李和興 Real Interest Rate Parity and the Evaluation of Asian Currency Unit (ACU)-The Analysis and Application of Co integration |
author_sort |
ho hsing Lee |
title |
Real Interest Rate Parity and the Evaluation of Asian Currency Unit (ACU)-The Analysis and Application of Co integration |
title_short |
Real Interest Rate Parity and the Evaluation of Asian Currency Unit (ACU)-The Analysis and Application of Co integration |
title_full |
Real Interest Rate Parity and the Evaluation of Asian Currency Unit (ACU)-The Analysis and Application of Co integration |
title_fullStr |
Real Interest Rate Parity and the Evaluation of Asian Currency Unit (ACU)-The Analysis and Application of Co integration |
title_full_unstemmed |
Real Interest Rate Parity and the Evaluation of Asian Currency Unit (ACU)-The Analysis and Application of Co integration |
title_sort |
real interest rate parity and the evaluation of asian currency unit (acu)-the analysis and application of co integration |
publishDate |
2010 |
url |
http://ndltd.ncl.edu.tw/handle/96218493753379274533 |
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