| Summary: | 碩士 === 世新大學 === 財務金融學研究所(含碩專班) === 98 === U.S. housing market cooling rapidly since 2006, plus continuous FED raise interest rates, subprime mortgage after-effects of excessive lending gradually emerge. Subprime mortgage market, default rates surge, thereby affecting the links of the value of financial products, caused the stock market dropped sharply, causing global credit crunch has resulted in "the U.S. subprime mortgage result in disaster, the world pays the bill" the result, triggering a global of the financial turmoil. The rise of emerging markets and in recent years has become the world from another engine of growth; the financial turmoil, the emerging markets is also the first to rebound increase the contrary, Europe and the United States Government was still taken for the rescue of quantitative easing. Purpose of this study is to explore the financial turmoil around the Brick Five (BRIICs) ─ Brazil, Russia, India, Indonesia and China and other countries whether the overall economic variables affect stock returns and changes. Of the overall economic variables including stock returns, inflation rates, industrial production index, exchange rate movements, interest rate changes in rates, import and export rates of change in rate of change in money supply, the dollar rate of change and the MSCI world index stock index rate of change. The empirical results show that: current and previous period of macroeconomic variables on stock prices reported varying degrees of significant impact Jie You, however, if predictable point of view, but before a significant impact on macroeconomic variables of the capacity of the stock market more predictable, and significant variables in different countries in general.
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