教師資料查詢 | 類別: 期刊論文 | 教師: 倪衍森 NI, YEN-SEN (瀏覽個人網頁)

標題:Capital Liberalization and Various Financial Markets: Evidence from Taiwan
學年106
學期1
出版(發表)日期2017/11/02
作品名稱Capital Liberalization and Various Financial Markets: Evidence from Taiwan
作品名稱(其他語言)
著者Manhwa Wu; Paoyu Huang; Yensen NI
單位
出版者
著錄名稱、卷期、頁數The Quarterly Review of Economics and Finance 66, p.265-274
摘要Several studies have shown that capital liberalization has varying effects on emerging and developing markets. Meanwhile, other studies have suggested that capital liberalization has different effects on various industries. However, only a few studies have investigated whether capital liberalization has varying effects on different financial markets, including stock, currency, real estate, and bond markets. In this study, we investigate whether various financial markets in a small-scale economy, such as Taiwan, have been affected by capital liberalization in 2003, which is rarely explored comprehensively in the existing literature. Results showed that capital inflows from foreign investment institutions positively affected such markets. Consequently, the share market in Taiwan boomed, domestic currency appreciated, the real estate market soared, and bond prices increased.
關鍵字
語言英文(美國)
ISSN
期刊性質國外
收錄於ESCI;
產學合作
通訊作者
審稿制度
國別美國
公開徵稿
出版型式,電子版
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