The Impact Of The Global Stock Market Fluctuations On Taiwan

• Main Authors: Huang, Shih-Hui, 黃詩惠
• Other Authors: Cheng, Ming-Chang
• Format: Others
• Language: en_US
• Published: 2012
• Online Access: http://ndltd.ncl.edu.tw/handle/92062202448469014367

碩士 === 國立中正大學 === 企業管理研究所 === 100 === The study chose 23 countries’ stock price of Asia, Europe and America to do the empirical analysis. This research study the six months before and after the financial tsunami, the six months before and after the European debt crisis. The study find the correlation coefficient after the financial tsunami between Taiwan and other countries are significantly higher than the correlation coefficient before the financial tsunami. Besides, the interaction of the rate of the return between Taiwan and other countries all over the world increases significantly, but the debt crisis in Europe affect the interaction of stock markets no significantly. According to the Granger causality test, the relationship between countries increases after the financial tsunami. However, there is no a dramatic change after the debt crisis in Europe.