Law Hing Tung. / Thesis (M.Phil.)--Chinese University of Hong Kong, 1995. / Includes bibliographical references (leaves 93-97). / ACKNOWLEDGMENT --- p.i / ABSTRACT --- p.ii / LIST OF TABLES --- p.vi / LIST OF FIGURES --- p.viii / Chapter CHAPTER 1: --- INTRODUCTION --- p.1 / Chapter CHAPTER 2: --- HISTORICAL BACKGROUND --- p.7 / Chapter 2.1 --- Hong Kong --- p.7 / Chapter 2.2 --- Korea --- p.10 / Chapter 2.3 --- Singapore --- p.12 / Chapter 2.4 --- Taiwan --- p.14 / Chapter CHAPTER 3: --- LITERATURE REVIEWS --- p.17 / Chapter 3.1 --- The Behavior of Real Interest Rate --- p.17 / Chapter 3.2 --- Short Run Real Interest Rate Parity --- p.21 / Chapter 3.3 --- Long Run Real Interest Rate Parity --- p.27 / Chapter CHAPTER 4: --- METHODOLOGY --- p.32 / Chapter 4.1 --- Definition --- p.32 / Chapter 4.2 --- Testing for Unit Roots --- p.34 / Chapter 4.2.1 --- The Dickey-Fuller Unit Root Test --- p.34 / Chapter 4.2.2 --- The Augmented Dickey-Fuller Test --- p.37 / Chapter 4.2.3 --- The Phillips-Perron Test --- p.38 / Chapter 4.2.4 --- Testing for Structural Change --- p.40 / Chapter 4.3 --- Tests for the Real Interest Rate Parity (RIRP) --- p.42 / Chapter 4.3.1 --- Tests for the Short-run RIRP --- p.42 / Chapter 4.3.2 --- Tests for the Long-run RIRP --- p.44 / Chapter CHAPTER 5: --- DATA --- p.47 / Chapter CHAPTER 6: --- EMPIRICAL RESULTS --- p.49 / Chapter 6.1 --- Individual Real Interest Rates 一 Descriptive Statistics --- p.49 / Chapter 6.2 --- Stationarity of Real Interest Rates --- p.58 / Chapter 6.2.1 --- Monthly Results --- p.58 / Chapter 6.2.2 --- Quarterly Results --- p.59 / Chapter 6.2.3 --- Unit Root Test with Structural Break --- p.64 / Chapter 6.3 --- Short-run Real Interest Rate Parity --- p.68 / Chapter 6.3.1 --- Monthly Results --- p.68 / Chapter 6.3.2 --- Quarterly Results --- p.71 / Chapter 6.4 --- Long-run Real Interest Rate Parity --- p.71 / Chapter 6.4.1 --- Real Interest Rate Differentials ´ؤ Descriptive Statistics --- p.71 / Chapter 6.4.2 --- Ordinary Least Square Regression Test --- p.78 / Chapter 6.4.3 --- Unit Root Tests for Real Interest Rate Differentials --- p.79 / Chapter CHAPTER 7： --- IMPLICATIONS AND CONCLUSIONS --- p.89 / Chapter 7.1 --- Implications --- p.89 / Chapter 7.2 --- Conclusions --- p.91 / REFERENCES --- p.93 / APPENDIX --- p.98
| Identifer | oai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_320588 |
| Date | January 1995 |
| Contributors | Law, Hing Tung., Chinese University of Hong Kong Graduate School. Division of Economics. |
| Publisher | Chinese University of Hong Kong |
| Source Sets | The Chinese University of Hong Kong |
| Language | English |
| Detected Language | English |
| Type | Text, bibliography |
| Format | print, viii, 100 leaves : ill. ; 30 cm. |
| Coverage | Southeast Asia, China, Hong Kong |
| Rights | Use of this resource is governed by the terms and conditions of the Creative Commons “Attribution-NonCommercial-NoDerivatives 4.0 International” License (http://creativecommons.org/licenses/by-nc-nd/4.0/) |
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