Co-opetition Strategies of Central Bank’s Foreign Exchange Intervention to Speculative Attacks- An Example from Asian Financial Crisis

碩士 === 淡江大學 === 國際商學碩士在職專班 === 100 === This study uses of Co-opetition theories PARTS to analysis that player’s thinking, reply and tactic strategies for their needs. And, make inquiry the relationship between the central bank and speculative participants in the financial markets. From the example o...

Full description

Bibliographic Details
Main Authors: Yi-Chih Fan, 樊儀之
Other Authors: Jeng-Yan Tsai
Format: Others
Language:zh-TW
Published: 2012
Online Access:http://ndltd.ncl.edu.tw/handle/02708211652742657479
Description
Summary:碩士 === 淡江大學 === 國際商學碩士在職專班 === 100 === This study uses of Co-opetition theories PARTS to analysis that player’s thinking, reply and tactic strategies for their needs. And, make inquiry the relationship between the central bank and speculative participants in the financial markets. From the example on July 2, 1997, the outbreak of the currency crisis in Thailand, I synchronous study on the currency markets and stock markets in neighboring countries, Hong Kong, Korea and Taiwan. The results show that exchange rate system failure and fast-moving international capital lead to a main cause of the financial and currency crisis. The central bank foreign exchange controls may be the most important tactics in this game, and only timely and appropriately guide and intervention and combined together with the efforts of other countries central banks can afford to resist the hot money, This may be completely limited to only a single game, and not an extension of the numerous games and derivative into regional financial and currency crisis.