政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/73974

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 113318/144297 (79%)
Visitors : 51031145 Online Users : 858

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

政大機構典藏 > 商學院 > 金融學系 > 期刊論文 > Item 140.119/73974

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/73974

Title:	The Term Structure of Taiwan Money Market Rates And Rational Expectation
Authors:	Shen, Chung-Hua 沈中華
Contributors:	金融系
Date:	1998
Issue Date:	2015-03-24 11:45:19 (UTC+8)
Abstract:	The expectation theory of the term structure was investigated in this study by employing the 10 day short and 30, 90 and 180 day long commercial paper rates in Taiwan. The results indicate that the theory is rejected for the shorter maturity, such as (10,30) days rates, but cannot be rejected for the longer maturities, such as (10, 90) and (10,180) day rates. The reason that the short maturity does not work out well for the expectation theory is probably due to noise, e.g. monthly factor, contaminated in the high frequency date, but not in the low frequency data. Since all rates are cointegrated, the policy “Operation Twist” is not suggested
Relation:	International Economic Journal , vol. 12, no. 1, pp. 105-119
Data Type:	article
DOI 連結:	http://dx.doi.org/10.1080/10168739800000007
DOI:	10.1080/10168739800080007
Appears in Collections:	[金融學系] 期刊論文

Files in This Item:

File	Description	Size	Format
index.html		0Kb	HTML2	999	View/Open

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

Loading...