The Relationship between the US Stock Market and The Taiwan Stock Market after the Quantitative Easing

• Main Authors: LI, CHING-JUNG, 李青容
• Other Authors: WANG, CHING-PING
• Format: Others
• Language: zh-TW
• Published: 2019
• Online Access: http://ndltd.ncl.edu.tw/handle/6p5357

碩士 === 國立高雄科技大學 === 財富與稅務管理系 === 107 === The purpose of this study is to discuss the US Federal Reserve's benchmark interest rate from 0% to 2.25% from the end of 2015 to the end of 2018. During this rate hike, the US Dow Jones Index, the Philadelphia Semiconductor Index, the US Standard & Poor's 500 Index, the Taiwan Weighted Index, and the Yuan The long-term equilibrium relationship and linkage of the stock price index between the Greater Taiwan 50 Index. At the same time, Augmented Dickey-Fuller Test, optimal backward selection, Johansen co-integration verification, and vector error correction model are used to conduct experiments and analysis. Finally, the conclusions are: long-term equilibrium relationship, the US Dow Jones Index and the US Philadelphia Semiconductor Index and The Yuanda Taiwan 50 Index is the most significant of these three.