Title page for etd-0628114-213407


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URN etd-0628114-213407
Author Shiou-Yi Lin
Author's Email Address babyhura@gmail.com
Statistics This thesis had been viewed 5537 times. Download 680 times.
Department Economics
Year 2013
Semester 2
Degree Master
Type of Document
Language zh-TW.Big5 Chinese
Title Gold Price and Exchange Rate Dynamics
Date of Defense 2014-07-21
Page Count 68
Keyword
  • gold price
  • exchange rate
  • asset substitutability
  • transitional adjustment
  • pre-announced macroeconomic policies
  • Abstract By using the Barsky and Summers (1988) specification in the gold market, this thesis develops an open economy model featured with mutual interactions between the gold market and the foreign exchange market. To be more specific, based on the observation that the public treats gold as a financial asset, this thesis introduces the gold asset into the Dornbusch (1976) model, and uses it to examine the determination of exchange rates and gold prices. It is found that the asset substitutability between bonds and gold plays a crucial role for governing the transitional adjustment of exchange rates and gold prices upon receiving news of pre-announced macroeconomic policies.
    Advisory Committee
  • Chung-Rou Fang - chair
  • Shul-John Li - co-chair
  • Ching-Chong Lai - advisor
  • Files
  • etd-0628114-213407.pdf
  • Indicate in-campus at 1 year and off-campus access at 1 year.
    Date of Submission 2014-07-28

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