The Hot Money that U.S.A. Implements the Loose Monetary Policy of Quantization and Introduces, to the Influence of Real Estate of Taiwan

• Main Authors: Yi-Hsuan Wu, 吳怡萱
• Other Authors: Wen-Chin Wei
• Format: Others
• Language: zh-TW
• Published: 2014
• Online Access: http://ndltd.ncl.edu.tw/handle/v39jq7

碩士 === 國立高雄應用科技大學 === 財富與稅務管理系 === 102 === After the outbreak of the financial crisis in 2008, the United States has implemented a variety of quantitative easing monetary policies, a large amount of fund global the Asia new developing market has poured in, the capital flows into too much, mobility expansion, cause the foam of the assets. Therefore, this article will be Taiwan empirical objects, and money supply, the weighted stock price index, price index form nest type structure (nested structure), explore the quantitative easing policy brought about by the hot money on the impact of Taiwan's real estate market. This article belongs to validation studies, which take covariance SEM test execution assumptions and estimates by ML and ADF procedures against two estimation procedures difference between the results of the empirical comparative analysis. This final choice in a competitive mode, take ADF estimation procedures, as discourse based on empirical findings of hot money mainly by U.S. quantitative easing monetary policy; prices affected mainly by price, then by secondary effects of hot money, and finally by the money supply and interest rates.; while interest rates and equity prices mainly affected by the hot money affected.