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英文摘要
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The main purpose of the paper is to do an empirical study on the interrelationships among gold market, foreign exchange market and macroeconomic variables in Taiwan. By treating exchange rate, Taiwan's gold price and world's gold price as endogenous variables and treating other variables which affecting exchange rate, Taiwan's gold price and world gold price as exogenous variables, the paper constructs simultaneous equations models to discuss the interactions of gold market and foreign exchange market.
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