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Session 10 : 금융공학, 좌장 : 김종권(신흥대학)
IMF 전후기간의 원/달러환율과 금리에 대한 실증분석
Analysis about relation of Won/Dollar Foreign Exchange Rate and Interest Rate of Korea
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- 발행기관
- 대한안전경영과학회 바로가기
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- 간행물
- 대한안전경영과학회 학술대회논문집 바로가기
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- 통권
- 2005년도 대한안전경영과학회 추계학술대회 (2005.11)바로가기
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- 페이지
- pp.569-579
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- 저자
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- 언어
- 한국어(KOR)
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- URL
- https://www.earticle.net/Article/A158211
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4,200원
원문정보
초록
- 영어
- International capital movement has made progress at global liberalization of finance and foreign exchange, international monetary norm changing into floating exchange rate system, easiness of collection of information and trade at improvement of information communication technology from early of 1970's. Results of empirical test for relation between foreign exchange rate or various determination factors of foreign exchange rate and interest rate are followed by next sentences. First, according to relation between foreign exchange rate and interest rate, correlation for each of variables after OECD entrance is increased. 'But, long-term & short-term interest rate is affected by Hanbo & Kia's bankruptcy, continuous large scale coporates bankruptcy and crisis of foreign exchange. Therefore, financial instability is occured. If portfolio investment fund has been inflow as it is mollified by continuous shortage of foreign exchange and fall of country's credit rating, it is expected to have positive effect for long-term & short-term interest rate from appreciation of won against dollar. Second, results from relation between determination factor of foreign exchange rate and interest rate are followed by next sentences. If surplus of current account and goods account is continued, yield of corporate bond is to be stable. But, margin of surplus is expected to diminish after second quarter 98, and difference between external and domestic interest (after adjusting foreign exchange rate) is to be diminished. And if net inflows of foreign investor's fund (stock and bond) is diminished, it is to have negative effect for yield of corporate bond. According to foreign investor's investment movement of previous years, hedge fund were stayed at least during two years in Mexico. It means that sudden capital outflow is not to be happened at Korea.
목차
Abstract
1. 서론
2. 이론적 고찰
3. 실증분석
3.1. 환율과 금리의 관계
3.2. 환율의 결정요인들과 금리의 관계
3.3. 환율의 장단기금리에 대한 영향
4. 요약 및 결론
참고문헌
저자
간행물 정보
발행기관
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- 발행기관명
- 대한안전경영과학회 [Korea Safety Management & Science]
- 설립연도
- 1999
- 분야
- 공학>안전공학
- 소개
- 안전경영에 관한 학문과 기술을 발전,보급,응용하여 안전기술 및 관리기술의 진흥에 공헌하며, 재해예방을 통한 안전사회의 구현을 그 목적으로 함.
간행물
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- 간행물명
- 대한안전경영과학회 학술대회논문집
- 간기
- 부정기
- 수록기간
- 1999~2022
- 십진분류
- KDC 530 DDC 620
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