A Study on the Correlations among the United States Dollar Exchange Rate, Stock Index of Taiwan and Petroleum Price
碩士 === 國立雲林科技大學 === 財務金融系碩士班 === 101 === Most of the previous researches confirm that the oil price shock result in exchange rate fluctuation and further affect the overall economic system. However, it is inconclusive that exchange rate would also derives the movement of petroleum price. Due to the...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2013
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| Online Access: | http://ndltd.ncl.edu.tw/handle/32636425341399462345 |
| Summary: | 碩士 === 國立雲林科技大學 === 財務金融系碩士班 === 101 === Most of the previous researches confirm that the oil price shock result in exchange rate fluctuation and further affect the overall economic system. However, it is inconclusive that exchange rate would also derives the movement of petroleum price. Due to the importance of oil price and exchange rate, the purpose of this research is to apply the VAR model in discussing and analyzing the relationship between United States dollar exchange rate, Stock Index of Taiwan and petroleum price.This study is based upon collecting 988 daily data from January 2009 to December 2012.
We find following critical results, bidirectional feedback causality exists between United States dollar exchange rate and petroleum price. Petroleum price unidirectional influence Stock Index of Taiwan.
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