The Impact of the International Copper Prices on the Currency Appreciation and Depreciation of Production Areas
碩士 === 大葉大學 === 管理學院碩士在職專班 === 105 === This study employs unit root test, Johansen cointegration test and vector autoregressive model to demonstrate whether the international copper prices leads the exchange rate of Chilean Peso. This study applies monthly data, from January 2009 to April 2017. The...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2017
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| Online Access: | http://ndltd.ncl.edu.tw/handle/fw3c94 |
| Summary: | 碩士 === 大葉大學 === 管理學院碩士在職專班 === 105 === This study employs unit root test, Johansen cointegration test and vector autoregressive model to demonstrate whether the international copper prices leads the exchange rate of Chilean Peso. This study applies monthly data, from January 2009 to April 2017.
The empirical results are as follows: Although the Chilean Peso exchange rate and the price of international copper has a medium and highly significant correlation over the same period, but the rate of return on the international copper price does not lead the rate of return on Chilean Peso. The return rate between the two have a significant correlation over the same period. When the price of international copper rises, the exchange rate of Chilean Peso falls during the month.
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