李秀雲, 1995,”新台幣低估與80年代台灣的貿易順差及外匯累積,”經濟論文叢刊, 23(3), 頁285-315祁玉蘭、趙欣儀, 2001, ”消費與租稅均攤的跨期恆常所得模型:台灣經常帳與預
算赤字之實證研究,” 經濟論文, 29(2), 頁251-295
黃仁德, 1993, “台灣地區國際收支失衡之貨幣面實證分析,” 台灣銀行季刊, 第四十一券, 第二期, 頁105-125
黃朝熙、祁玉蘭, 1995, ”六個東亞國家恆常所得跨期經常帳模型的實證研究,” 中
央研究院研究所開放總體經濟論文集, 頁89-120
蔡美芬, 2004, ”台灣國際投資部位表的編制與運用,” 中央銀行季刊, 第二十六卷, 第三期, 九月, 頁57-84
Adler, M. and Dumas, B., 1983,”International Portfolio choice and CorporationFinance : A Synthesis,” Journal of Finance, 38(3), 925-984
Aizenman, J. and Marion, N., 2004, “International Reserve Holdings with Sovereign
Risk and Costly Tax Collection,” Economic Journal, 114(497), 569-591
Aizenman, J., Chinn, M.D. and Ito, H., 2010, ”Assessing the emerging global financialarchitecture:Measuring the trilemma’s configuration over time,” Journal of
International Money and Finance, 29, 615-641
Aviat, A. and Coeurdacier, N., 2007, ”The Geography of Trade in Goods and Asset
Holdings,” Journal of International Economics, 71(1), 22-51
Baxter, M. and Jermann, U.J., 1997, ”The International Diversification Puzzle is worse
than you think,” American Economic Review, 87(1), 170-180
Benigno, P., 2009, “Are valuation effects desirable from a global perspective?,” Journal of Development Economics, 89(2), July, 170-180
Buiter, Willem, 2006, “Dark Matter or Cold Fusion?,” Global Economics Paper no.136,
London: Goldman Sachs (16 January).
Burger, J.D. and Warnock, F.E., 2007, ”Foreign participation in local-currency bond Markets,” Review of Financial Economics, 16, 291-304
Caballero, R.J., Farhi, E. and Gourinchas, Pierre-Olivier, 2008, ”An Equilibrium Model of Global Imbalances and Low Interest Rates,” American Economic Review, 98(1), March, 358-393
Cai, F. and Warnock, F.E., 2006, “International Diversification at Home and Abroad,” NBER Working Paper, No.12220
Calvet, L.E., Campbell, J.Y. and Sodini, P., 2009, ”Fight or flight?Portfolio Rebalancing by individual investors,” The Quarterly Journal of Economics, 124(1), 301-348
Campbell, John Y. and Robert J. Shiller, 1987, ”Cointegration and Tests of Present
Value Models,” Journal of Politcal Economy 95(5), 1062-1088
Campbell, John Y. and Robert J. Shiller, 1988, ”The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors,” The Review of Financial Studies 1(3), 195-228
Campbell, John Y. and Cochrane, John H., 1999, ”By Force of Habit:A Consumption-Based Explanation of Aggregate Stock Market Behavior,” Journal of Political Economy 107(2), 205-251
Cavallo, Michele and Credric Tille, 2006a, ”Current Account Adjustment with High Financial Integration:A Scenario Analysis,” Fed Reserve Bank San Fran Economic Review, 31-45
_____, 2006b, ”Could capital gains smooth a current account rebalancing?”Federal Reserve Bank of San Francisco Working Paper Series, 2006-03
Chan, K., Covrig, V. and Ng, L., 2005, “What determines the domestic bias and foreign bias? Evidence from mutual fund equity allocations worldwide,” Journal of Finance, 60(3), 1495-1534
Chinn, M.D. and Ito, H., 2008, ”A new measure of financial openness,” Journal of Comparative Policy Analysis, 10(3), 309-322
Clark, E. Todd and Kenneth D. West, 2006, ”Using out-of-sample mean squared prediction errors to test the martingale difference hypothesis,” Journal of Econometrics 135, 155-186Clark, E. Todd and Kenneth D. West, 2007, ”Approximately normal tests for equal predictive accuracy in nested models,” Journal of Econometrics, 138, 291-311
Cochrane, John H.,1992, ”Explaining the Variance of Price-Dividend Ratios ,” The Review of Financial Studies 5(2), 243-280
Coval, J.D. and Moskowitz, T.J., 1999, ”Home bias at home: local equity preference in domestic portfolios,” Journal of Finance, 54(6), 2045-2073
Coeurdacier, N. and Gourinchas, Pierre-Olivier, 2008, “When bonds matter: home bias in goods and assets,” Working Paper Series 2008-25, Federal Reserve Bank of San Francisco
Coeurdacier, N. and Guibaud, S., 2009, ”Interntional Portfolio Diversification Is Better Than You Think,” Journal of International Money and Finance forthcoming
Cornell, B., 1979,” Asymmetric information and portfolio performance measurement,”Journal of Financial Economics, 7(4), 381-390
Curcuru, Stephanie E., Tomas Dvorakand Francis E. Warnock, 2008, ”Cross-Border return differentials,” Quarterly Journal of Economics 123, Nov., 1495-1530
Curcuru, S.E., Dvorak, T. and Warnock, F.E., 2010, “ Decomposing the U.S. external returns differential,” Journal of International Economics, 80(1), 22-32
Daniel Gros, 2006, “Foreign Investment in the US (I): Disappearing in a black hole?,” CEPS Working Document No. 242, April
De Grauwe, Paul, 2009, “Economics of Monetary Union,” Oxford University Press; 8th Revised edition
Devereux, M. B., and A. Sutherland, 2009, “Valuation Effects and the Dnamics of Net External Assets,” NBER WP 14794.
Devereux, M.B. and Sutherland, A., 2010, “Country portfolio dynamics,” Journal of Economic Dynamics and Control, 34(7), July, 1325-1342
Dickey, D., and W. Fuller., 1981, ”Likelihood Ratio Tests for Autoregressive Time Series with a Unit Root,” Econometrica 49, 1057-1072
Dooley, M., D. Folkerts-Landau and P. Garber, 2004,“ The revised Bretton Woods system”, International Journal of Finance and Economics 9(4), 307-313
Eichengreen, B., Hausmann, R. and Panizza, Ugo, 2003, ”The Mystery of Original Sin,” in Other People’s Money:Debt denomination and Financial Instability in Emerging Market Economies, University of Chicago Press.
Elliot, G., T Rothenberg, and J. Stock, 1996, ”Efficient Tests for an Autoregressive Unit Root,” Econometrica 64, pp. 813-836
French, K.R.and Poterba, J.M., 1991, “Investor Diversification and International Equity Markets,” American Economic Review, 81(2), 222-226
Fidora, M., Fratzscher, M. and Thimann, C., 2007, ”Home bias in global Bond and equity markets: The role of real exchange rate volatility,” Journal of International Money and Finance, 26, 631-655
Ghironi, F., J. Lee, and A. Rebucci, 2009, “The Valuation Channel of External Adjustment,” Manuscript, May 25, 2009.
Goldstein, M., and Tuner, P., 2004, ”Controlling currency mismatches in emerging markets,” Washington, DC: Institute for International Economics
Gourinchas, Pierre-Olivier and Rey, H., 2007a, ”From world banker to world venture capitalist: US external adjustment and the exorbitant privilege,” In G7 Current Account Imbalances: Sustainability and Adjustment, pp. 11-66 (NBER Inc.)
_____, 2007b, ”International Financial Adjustment,” Journal of political economy 115(4), 665-702
Graham, J. R. and Harvey, C. R., 1996, " Market timing ability and volatility implied investment newsletters’ asset allocation recommendations,” Journal of Financial Economics, 42(3), 397-421
Grinblatt, M. and S. Titman, 1993, “Performance Measurement without Benchmarks: An Examination of Mutual Fund Returns,” Journal of Business, 66, 47-68
Hau, H., 2001, “Location matters: an examination of trading profits,” Journal of Finance, 56(5), 1959-1983
Hau, H. and Rey, H., 2006, ”Exchange rates, Equity prices and capital flows,” Review of Financial Studies, 19(1), 273-317
______, 2008, “Global portfolio rebalancing under the microscope,” NBER Working Paper, No.14165
Huang, Chao-Hsi, 1993, “An empirical study on Taiwan’s current account: 1961-90,” Applied Economics, 25, 927-936
Hausmann, Ricardo and Federico Sturzenegger, 2006, “ Global Imbalance or Bad Accounting? The Missing Dark Matter in the Wealth of Nations,” Working Paper Series rwp06-003, Harvard University, John F. Kennedy School of Government.
Hausmann, Ricardo and Federico Sturzenegger, 2007, ”The missing dark matter the wealth of nations and its implications for global imbalances,” Economic Policy, July, 469-518
Kaufmann, D., Kraay, A., and Mastruzzi, M., 2009, ”Governance Matters VII: Aggregate and Individual Governance Indicators, 1996-2008,” World Bank Policy Research Working Paper, No.4978
Kho, Bong-Chan, Stulz, R.M. and Warnock, F.E., 2009, “Financial Globalization, and the Evolution of the Home bias”, Journal of Accounting Research, 47(2), 597-635
Kitchen, John, 2007, ”Sharecroppers or Shrewd Capitalists? Projections of The U.S. Current Account, International Income Flows, and Net International Debt,” Review of International Economics 15(5), Nov., 1036-1061
Lane, Philip R., and Gian Maria Milesi-Ferretti, 2001, “The External Wealth of Nations: Measures of Foreign Assets and Liabilities for Industrial and developing Countries,” Journal of International Economics 55, 263-940
_____, 2002a, “Long-Term Capital Movements,“NBER Macroeconomics Annual 2001, 16, 73-136
_____, 2002b, “External wealth, the trade balance, and the real exchange rates,” European Economic Review 46, 1049-1071
_____, 2003, “International Financial Integration,“ IMF working paper 03/86
_____, 2004, “The Transfer Problem Revisited:Net Foreign Assets and Real Exchange Rates,” Review of Economics and Statistics 86(4), 841-57
_____, 2005, ”Financial Globalization and Exchange Rates,“ IMF working paper 05/03
_____, 2007, “The External Wealth of Nations Mark Ⅱ:Revised and Extended Estimates of Foreign Assets and Liabilities, 1970-2004,” Journal of International Economics 73, 223-250
_____, 2008a, “International Investment Patterns,” Review of Economic and Statistics 90(3), 538-548
_____, 2008b, ”Where Did All Borrowing Go? A Forensic Analysis of the U.S. External Position,” Journal of the Japanese and International Economies 23(2), June, 177-199
Lane, P.R. and Shambaugh, J.C., 2010a, ”Financial exchange rates and international currency exposure,” American Economic Review, 100(1), 518-540
______, 2010b, ”The long or short of it:determinants of foreign currency exposure in external balance sheets,” Journal of International Economic Review, 80, 33-44
Lewis, K., 1999, “Trying to Explain Home bias in Equities and Consumption,” Journal of Economic Literature, 37(2), 571-608
Meese, Richard and Kenneth Rogoff, 1983, ”Empirical Exchange Rate Models of the Seventies: Do they Fit Out-of-sample?” Journal of International Economics 14,
3-24
Meissner, C. and A.M. Taylor, 2006, ”Losing our marbles in the new century? Thegreat rebalancing in historical perspective,” NBER Working Paper, no. 12580
Mendoza, E.G., Quadrini, V. and Rios-Rull, Jose-Victor, 2007, “Financial Integration, Financial Deepness and Global Imbalances,” NBER Working Paper , No.12909
Obstfeld, Maurice, 2004, “External Adjustment,” Review of World Economics, 140(4), 541-568
Obstfeld, Maurice, and Kenneth S. Rogoff, 2005, “Global Current Account Imbalances and Exchange Rate Adjustment,” Brookings Papers on Economic Activity 1, 67-123
Obstfeld, Maurice, and Alan Taylor, 2005, ”Sources of America’s Exorbitant Privilege,”
in progress 2005. mimeo: University of California
_____, 2007, ”The Unsustainable U.S. Current Account Position Revisited,” In G7 Current Account Imbalances: Sustainability and Adjustment, 339-376 (NBER Inc.)
Obstfeld, M., 2007, ”International Risk Sharing and the Costs of Trade,” The Ohlin Lectures, Stockholm School of Economics, May, 23-24
Obstfeld, M., Shambaugh J.C., and Taylor, A.M., 2009, "Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008," American Economic Review, 99(2), 480–486
Pesaran, M.H., 2004, “General Diagnostic Tests for Cross Section Dependence in Panels,” CESifo Working Paper Series, No.1229
Pesaran, M.H., 2006, ”Estimation and Inference in Large Heterogenous Panels with Multifactor Error Structure,” Econometrica, 74(4), 967-1012
Phillips, P., and P. Perron., 1988, ”Testing for a Unit Root in Time Series Regression,” Biometrika 75, 335-346.
Portes, R. and Rey, H., 2005, ”The determinants of cross- border equity flows,” Journal of International Economics, 65, 269-296
Shambaugh, J.C., 2004, “The Effect of Fixed Exchange Rates on Monetary Policy, “ Quarterly Journal of Economics, 119(1), 301-352
Tesar, L.L. and Werner, I.M. (1995), “Home bias and high turnover,” Journal of International Money and Finance, 14(4), 467-492
Thomas, C. P., Warnock, F. E. and Wongswan J., 2006, “The Performance of International Equity Portfolios,” NBER Working Paper No. 12346
Tille, Cedric, 2003, “The Impact of Exchange Rate Movements on U.S. Foreign Debt,” Current Issues in Economics and Finance 9(1), Jan. (New York: Federal Reserve Bank)
Tille, Cedric, 2005, ”Financial integration and the wealth effect of exchange rate fluctuations,” Federal Reserve Bank of New York Staff Papers no.226, Oct.
Tille, Cedric, 2008, ”Financial integration and the wealth effect of exchange rate fluctuations,” Journal of International Economics 75, July, 283-294.
Tille, C. and van Wincoop, E., 2010, “International capital flows,” Journal of International Economics, 80(2), March, 157-175
van Wincoop, E., and Warnock, F.E., 2010, “Is Home Bias in Assets Related to Home Bias in Goods?,” Journal of International Money and Finance (forthcoming)
Woon G.C., Sharma, S. and Strömqvist, M., 2007, "Capital Flows, Financial Integration, and Interational Reserve Holdings: The Recent Experience of Emerging Markets and Advanced Economies,” IMF Working Papers 07/1