Analysing and Forecasting the New Taiwanese Dollar Against the Us Dollar (1992) - Financial and Economic Forecasting (Chapter 17)

8 Pages Posted: 13 Jan 2003

See all articles by Jack H.W. Penm

Jack H.W. Penm

Australian National University - School of Finance and Applied Statistics, Faculty of Economics and Commerce

Jammie H. Penm

Independent

R. Deane Terrell

Australian National University (ANU) - National Graduate School of Management

Date Written: October 2002

Abstract

In this chapter, we analysing and forecasting the New Taiwanese Dollar against the US dollar. Forecasting models were tested using the three variables; exchange rate, money supply and Balance Remittance. Both VAR and VARMA models accurately predicted turning points and no false fluctuations were predicted. The model and approach can be expanded to consider other important aspects of Taiwanese trade.

Keywords: Analysing, Forecasting the New Taiwanese Dollar (1992)

JEL Classification: C22, C53, E31

Suggested Citation

Penm, Jack and Penm, Jammie H. and Terrell, R. Deane, Analysing and Forecasting the New Taiwanese Dollar Against the Us Dollar (1992) - Financial and Economic Forecasting (Chapter 17) (October 2002). Available at SSRN: https://ssrn.com/abstract=359961 or http://dx.doi.org/10.2139/ssrn.359961

Jack Penm (Contact Author)

Australian National University - School of Finance and Applied Statistics, Faculty of Economics and Commerce ( email )

Canberra, Australian Capital Territory 0200
Australia
+61 (02) 61250535 (Phone)
+61 (02) 61250087 (Fax)

Jammie H. Penm

Independent ( email )

61 (02) 62880126 (Phone)
61 (02) 61250087 (Fax)

R. Deane Terrell

Australian National University (ANU) - National Graduate School of Management ( email )

Sir Roland Wilson Building (120)
Canberra, Australian Capital Territory 0200
Australia

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