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The Development of International Finance Theories: A Survey

Lai, Ching-Chong - In: Journal of Economics and Management 1 (2005) 2, pp. 105-118

This paper briefly surveys the development of international finance theories after the 1960s. The important theories reviewed in this paper include: exchange rate dynamics, policy pre-announcement, first-generation currency crises, intertemporal optimizing model, exchange rate target zones,...

Persistent link: https://www.econbiz.de/10008555975

Econometric evaluation of macro prudential policy effects on financial stability

Liu, Zeqin; Fang, Ying; Cai, Zongwu; Lin, Ming - 2022

Persistent link: https://www.econbiz.de/10013483710

持有成本与期货最优套期保值 (The Cost of Carry and the Optimal Hedge in Futures Market)

Chen, Deng-Ta - 2018

statistical games back to its original financial nature of derivatives pricing. Thus the estimation of hedge ratio is simplified …

Persistent link: https://www.econbiz.de/10012930120

中国城投债风险溢价的及时性度量与预测 : 基于高维适应性算法的构建分析 (The Real-Time Measuring and Forecasting of the Chinese Chengtou Bond Risk Premia —Based on the Method of High-Dimensional Adaptive Algorithm )...

Li, Xinjue; Niu Linlin, Xia Hongyu - 2021

。债券平均规模与债券剩余期限的网络节点效应对债券未来风险溢价也有较大影响。从实证结果的政策含义上来看：一方面，准确、全面地披露城投债信息、管控城投债系统性风险，有助于维系债券市场价格信号的有效性，稳定债券市场；另一方面，在控制城投债风险溢价的过程中，政府需要重点关注风险溢价波动较高、债券发行数量较多的省份，同时也需要时刻关注债券的平均规模与剩余期限，在各省实行差异化的适应性金融政策，对深化金融供给侧结构性改革，维护脱贫攻坚成果具有重要意义。English abstract: As a barometer to measure the risk, the risk premia of bonds imply the risk of the bond market. When using the … parametric model to predict the risk premia, the external policies and the real-time changes of the economy not only will lead to … a more reasonable parameter modeling method to predict the future trend of bond risk premia. We find that, ①in the …

Persistent link: https://www.econbiz.de/10013231839

Testing the Long-Run Neutrality of Money:The Case of Japan, South Korea and Taiwan

Chen, Shyh-Wei; Hsu, Wen-Lin - In: Journal of Economics and Management 5 (2009) 1, pp. 1-27

This paper examines the short-run and long-run neutrality of money using methodology suggested by King and Watson (1997) on quarterly data from South Korea and Taiwan (King and Watson (1997), Testing Long-Run Neutrality, Federal Reserve Bank of Richmond Economic Quarterly, 83(3), 69-103). A body...

Persistent link: https://www.econbiz.de/10008555932

Social Welfare Expenditure, Human Capital, and Economic Growth: Evidence from Taiwan

Lee, Chien-Chiang; Chang, Chun-Ping - In: Journal of Economics and Management 3 (2007) 2, pp. 225-247

Can extending social welfare expenditures promote economic growth? This issue has been discussed extensively, with some research pointing to net benefits while others find a net negative impact. Insight can be gained by careful analysis of several sub-questions. For example, for two countries...

Persistent link: https://www.econbiz.de/10008555977