英文摘要 |
This paper attempts to examine the symmetric and asymmetric effects of crude oil price changes on exchange rate by using the exchange rate of the NT dollars to US dollars and crude oil price from 2004/1/1 to 2006/12/31. Our results find that the oil price changes lead exchange rates, the relationship between the oil price changes and exchange rates is negative, and the innovation of oil price changes to account for the response of in exchange rates is not strong, and the oil price changes affect Exchange rates asymmetrically. |