Global Quantitative Easing andHigh Technology Industry Performance: Empirical Analysis of Benchmark Stock Indices

• Main Authors: Mei-Jo Hsu, 許美若
• Other Authors: Chen-Jui Huang
• Format: Others
• Language: zh-TW
• Published: 2015
• Online Access: http://ndltd.ncl.edu.tw/handle/bzc272

碩士 === 東海大學 === 財務金融學系碩士在職專班 === 103 === This paper intends to examine how global quantitative easing (QE) policies affect three indicators (NASDAQ composite index, MSCI technology index, and Taiwan information technology index) for the high technology industry. Empirical findings show that the US QE positively influences the NASDAQ composite index at the 10% level of significance. The effect of other global QE policies on the three indicators appears insignificant. Since Taiwan’s high technology industry is export-oriented and massively establishes the production base in mainland China, QE policies in the US, Japan, and Europe exhibit limited impact.