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 en_US
ISSN
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者
審稿制度 是
國別 USA
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/987654321/113692 )

SDGS 優質教育,負責任的消費與生產