碩士 / 東海大學 / 高階經營管理碩士在職專班 / 107 / This paper focuses on the financial market after a century of financial tsunami, and explores the market changes of the worlds major economies centering on the US dollar index formed by the US Feds interest rate policy and quantitative monetary easing policy.
Since the outbreak of the Lehman Brothers in 2008/9, the United States has caused terrible shocks in the global financial market, causing central banks to take a course of deteriorating education. The US Federal Reserve also quickly lowered the 7-yard interest rate to 0.25% in the fourth quarter of 2008. Since then, the United States has experienced a period of seven years of ultra-low profit; and because of the low interest rate policy, it still cannot arouse the economic downturn, the US Federal Reserve In March 2009, November 2010, and in September 2012 , it implemented three quantitative monetary easing policies, and September 2011 In the Bureau implemented Operation Twist (OT). Japan, which had implemented quantitative monetary easing in 2000, has expanded its quantitative monetary easing policy due to the financial tsunami. Similarly, the European Central Bank also implemented a quantitative monetary easing policy in 2015. So far, the worlds major economies have stepped into the quantification of monetary easing, while China, the worlds second-largest economy, has stimulated its domestic prosperity through different monetary easing policies such as tax cuts and RRR cuts.
This study uses the regression analysis (Regression analysis) for the US dollar index published by FED2008-2018 and the Quantitative easing (QE) index for the US Dow Jones Index, Japan Nikkei 225 Index, China Shanghai Composite Index, EU (German , French, English) The ripple effect of the index; these worlds major economies conduct simple linear return scale, multiple linear return scale, and the least square method to explore the interest rate and currency of the United States after the financial tsunami in a hundred years. Changes in the impact of policies on the worlds major economies (single research on major stock markets).
The results show that regardless of the first-order linear model or the reentry-scale experimental results, the significance between the variables is highly significant, which proves that the stock market index is single; the US interest rate and monetary policy are successful!
| Identifer | oai:union.ndltd.org:TW/107THU01026050 |
| Date | January 2019 |
| Creators | YEH, CHIA-MING, 葉家銘 |
| Contributors | CHANG, YUNG-HO, 張永和 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 60 |
Page generated in 0.0091 seconds