碩士 / 國立高雄第一科技大學 / 風險管理與保險研究所 / 101 / This research aims on deficit problems occurred during the period after the financial crisis in Occident, Jasmine Revolution, civil war in Libya and Iran issue, etc. For data of US dollar index, gold prices and major international stock market index, it adopted stochastic dominance rule that brought up by Barrett and Donald (2003) to determine US dollar index, gold and major international stock market (Dow Jones of the US, Financial Times of the UK, DAX of Germany, CAC of France, Shanghai Composite Index of China, TAIEX and Hang Seng Index of Hong Kong) and analyze their investment performance. This research used rate of return for determination to explore the results of investment performance in post financial crisis. The research period is from December 04, 2008 to June 7, 2012. The results are under determination of third-order stochastic dominance; US dollar index has better third-order stochastic dominance than gold, international financial stock market index. Moreover, gold has better third-order stochastic dominance than international financial stock market index (Dow Jones of the US and TAIEX are excluded.) and under determination of third-order stochastic dominance, gold, Dow Jones of the US and TAIEX only exist in KS1 of Simulation. Therefore, the performance of US dollar index in this research is the best. The main reasons are its volatility of rate of return is not great and it is an investment tool for risk averse that fights against inflation and changes in financial market. It shows that US dollar index is an investment target with characteristics of low risk and stable rewards.
| Identifer | oai:union.ndltd.org:TW/101NKIT5218006 |
| Date | January 2013 |
| Creators | Ying-Hsiang Chen, 陳英祥 |
| Contributors | Pai-Lung Chou, 周百隆 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 45 |
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