학술저널
북한 핵관련 뉴스가 국내주식 및 외환시장에 미치는 영향
The Effects of News about North Korea s Nuclear Weapon on Domestic Stock and Foreign Exchange Markets
- 한국동북아경제학회
- 동북아경제연구
- 東北亞經濟硏究 第18卷 第1號
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2006.0461 - 90 (30 pages)
- 15
커버이미지 없음
The paper analyzes the effects of news about North Korea s nuclear weapon on domestic financial markets, using IV and GMM estimation methods. According to the estimation results, when the variance of news shock about North Korea s nuclear weapon is higher than at other times, returns in KOSPI and KOSDAQ decrease and won/dollar and yen/dollar exchange rates depreciate. But the responses of interest rates to this news shock are unclear and statistically insignificant.
Ⅰ. 서론
Ⅱ. 기존연구
Ⅲ. 추정방법
Ⅳ. 추정결과
Ⅴ. 요약 및 결론
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