| Summary: | 博士 === 國立中山大學 === 財務管理學系研究所 === 102 === In this economic environment and opportunity, China authorities has accelerated the internationalization of China Yuan and played a significant role all over the world. Besides, the close relationship between Chinese and Taiwan cause us interact more frequently. Especially, after we had completed the contract of "cooperation of cross-strait currency settlement memorandum” on 31th August, 2012. Here, we intends to complete this research issues by the empirical studies which is based on Kuo (2011) who offers a complete and correct model to get the exchange rate between CNY and TWD. Eventually, we not only overcome the problem that CNY and TWD are not international currency, but also try to estimate the equilibrium exchange rate by the Kuo (2011) model under the settlement mechanism. After all, we show some valuable findings and contributions in the article which can be expected helpful for the future decision for Taiwan’s authorities making with China.
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