| Applying the seasonal error correction model to the demand for international reserves in Taiwan | |
|---|---|
| 學年 | 87 |
| 學期 | 1 |
| 出版（發表）日期 | 1999-01-01 |
| 作品名稱 | Applying the seasonal error correction model to the demand for international reserves in Taiwan |
| 作品名稱（其他語言） | |
| 著者 | Huang, Tai-hsin; 黃台心; Shen, Chung-hua |
| 單位 | 淡江大學經濟學系 |
| 出版者 | Elsevier |
| 著錄名稱、卷期、頁數 | Journal of international money and finance 18(1), pp.107-131 |
| 摘要 | A dynamic demand function for international reserves based on the seasonal difference is derived. Our model of using seasonal difference distinguishes the present study from previous studies in three aspects. First, the dependent variable is seasonally differenced instead of being first order differenced. Next, the local money market disequilibrium included is also in fourth difference form. Finally, given the existence of stochastic seasonality, a new model, using a seasonal error correction rather than the conventional error correction, is specified and estimated. Based on this new specification, the results yielded are more sensible than those of using a differenced model. |
| 關鍵字 | International reserve; Seasonal unit root; Seasonal cointegration |
| 語言 | en |
| ISSN | 0261-5606 |
| 期刊性質 | 國內 |
| 收錄於 | |
| 產學合作 | |
| 通訊作者 | |
| 審稿制度 | 否 |
| 國別 | TWN |
| 公開徵稿 | |
| 出版型式 | ,電子版 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/24785 ) |
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