Offshore Money Market Integration-Evidence of the U.S. Dollar Yields in Taiwan, Singapore, and the United Kingdom_

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題名：	Offshore Money Market Integration-Evidence of the U.S. Dollar Yields in Taiwan, Singapore, and the United Kingdom
書刊名：	中山管理評論
作者：	Lin,Antsong／Leu,Shirley
出版日期：	1994
卷期：	2:3
頁次：	頁1-13
主題關鍵詞：	Offshore money market；Integration；Cointegration；Error correction model；Banking liberalization
原始連結：	連回原系統網址
相關次數：	被引用次數:期刊(0) 博士論文(0) 專書(0) 專書論文(0) 排除自我引用:0 共同引用:0 點閱:26

　　The purpose of this paper is to extend the money market integration study by including Taiwan's offshore money market to provide a more global perspective and to examine Taiwan's progress in entering the international financial arena. The results indicate that three offshore money markets examined are not fully cointegrated. For the overnight yields, only the pairs of Taipei and London and London and Singapore show significant long-run equilibrium relationships. Singapore and London are the only pair of markets displaying cointegration relationship for the one-month maturity yield series. In addition, based on the estimated error correction models, the hypothesis that these offshore money markets are perfectly linked cannot be supported.

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期刊論文
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會議論文
1.	Ho, Chung-Da、Shen, Chung-Hwa(1993)。Efficiency of Taiwan's Forward Exchange Market: Evidence Since Market Reoponing in 1991。The 1993 Annual Meeting of the Chinese Finance Association。

圖書
1.	Fuller, Wayne A.(1976)。Introduction to Statistical Time Series。New York：John Wiley & Sons。

圖書論文
1.	Granger, C. W. J.、Weiss, A. A.(1983)。Time Series Analysis of Error Correction Models。Studies in Econometrics, Time Series, and Multivariate Statistics。New York：Academic Press。

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