The Impact of the Increase in the Interest rate in the US on Taiwan 50 Index
碩士 === 國立高雄第一科技大學 === 金融研究所 === 105 === The increase in the interest rate of US dollar severely affects Taiwan. Thus, this paper uses the event study to explore the impact of the interest rate increase on Taiwan 50 Index. The result shows that there is a big impact right after the interest rate incr...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2017
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| Online Access: | http://ndltd.ncl.edu.tw/handle/81558888600967617193 |
| Summary: | 碩士 === 國立高雄第一科技大學 === 金融研究所 === 105 === The increase in the interest rate of US dollar severely affects Taiwan. Thus, this paper uses the event study to explore the impact of the interest rate increase on Taiwan 50 Index. The result shows that there is a big impact right after the interest rate increase in the US, indicating negative accumulated abnormal returns. However, the reactions of the market are not necessarily the same each time. The one in 2015 did not show significant trend. This may be due to the market had expected this increase and had reacted before the implementation. Also, the long lag before the increase had allowed ample time for the market to adjust.
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