How the monetary policy affects the tourism industry under the lowest interest rate level?

• Main Authors: Kuan-Hua Lai, 賴冠樺
• Other Authors: 鄭瑞昌
• Format: Others
• Language: zh-TW
• Published: 2016
• Online Access: http://ndltd.ncl.edu.tw/handle/qug86x

碩士 === 國立臺中科技大學 === 財務金融研究所碩士班 === 104 === The previous studies focus on the impact of traditional monetary policy on the tourism and leisure industry, but little literatures investigate the effects of non- traditional monetary policy on the tourism and leisure industry. Therefore, this study examines the announce effects of non-traditional monetary policy on the tourism and leisure industry, and compare to the announce effect of traditional monetary policy. Finally, multivariate regression models is applied to explore the relationship between the announce effect and Finance characteristic. The impact of QE is higher than interest rate cut effect on the Hospitality industry.