Chen-Min Hsu Professor

 

許振明

Professor Chen-Min Hsu

Ph.D.The Johns Hopkins University,(Economics), U.S.A.

Specialty

Macroeconomic and Monetary Theory & PolicyInternational Finance
Theory of Finance,Applied Econometrics

email chenmin@ctbc.edu.tw

Experiences

ACADEMIC APPOINTMENTS

  • Professor of Economics, 1989-Feb. 2016, National Taiwan University
  • Associate Dean of Social Sciences College, 2012-2013 , National Taiwan University
  • Professor, Department of Business and Economic Law, March 2006-
  • CEO, Center of Mobile Banking, CTBC Business School, March 2006-
  • Chairman of Department of Economics, 1997-98, National Chi Nan University ( joint
    appointment with National Taiwan University)
  • Director of the Graduate Institute of Economics, 1995-97, National Chi Nan University ( joint
    appointment with National Taiwan University)
  • Associate Professor of Economics, 1984-89, National Taiwan University( appointed
    in 1984) 

Associate Appointment

  • President, Taiwan Academy of Banking and Finance(2008-2012)
  • Advisory Commissioner, Industrial Advisory Commission under The Ministry of Economic
    Affairs (2006-2012)
  • Commissioner, Nation Financial Stabilization Fund Commission under The Executive Yuan
    (2002-2004,2008-2016)
  • Commissioner, Asian Shadow Financial Regulatory Committee (2004-)
  • Evaluation Commissioner, The Financial Restructuring Fund's Management Committee
    (2004-2011)
  • Commissioner, Working Group of Economic Development Fund Commission under The
    Council of Economic Planning and Development (2004-2007)
  • Advisory Commissioner, The Mainland Affairs Council under The Executive Yuan (2002-2004)
  • Advisory Commissioner, The Central Deposit Insurance Corporation (2001-)
  • Policy Fellow, National Policy Foundation (2000-)
  • Director, The International Commercial Bank of China, ICBC, (1999-2006)
  • Advisor, Taipei City Government (1998-2012)
  • Commissioner, Urban Economic Development Commission of Taipei City Government (1998-2012)

Journal Papers

  1. “Bank Failure Model for Asian Financial Crisis and Subprime Mortgage Crisis: A Comparison*”  Korea and the World Economy, Vol. 20, No. 1 (April 2019) 65-104.
  2. “Bank Failure Probability Models for Asian Financial Crisis and Global Subprime Mortgage
    Crisis: A Comparison” 2017 Global Economy and Governance International Conference,
    University of Finance and Management in Warsaw, Warsaw, Poland, October 2017.
  3. “ Inflation Targeting, Exchange-Rate Targeting Monetary Policies in an Open New Keynesian
    DSGE Model,” KEA-APEA 2017 International Conference, Korea University, Seoul, Korea, July 2017.
  4. “ Inflation Targeting, Exchange-Rate Targeting Monetary Policies in an Open New Keynesian DSGE
    Model,” Korea and the World Economy Conference XVI , Vietnam Academy of Social Sciences,
    Hanoi, Vietnam, June 2017.
  5. “ Retrospect and Prospect of Cross-Strait Financial Cooperation after 30 Years,” in Cross-Strait
    Economic Relations between Taiwan and Mainland China after 30 Years : Retrospect and Prospect,
    183-214, December 2017, Beijing : Kyushu Press.
  6. “ Inflation Targeting, Exchange-Rate Targeting Monetary Policies in an Open New Keynesian DSGE
    Model,” Korea and the World Economy, Vol.18, No.2, 131-174, August 2017.
  7. “ A Reinvestigation of the Causality Test of Interest Rate and Exchange Rate between China and the
    US : Time Series Analysis in Frequency Domain,” Wuhan University Journal of Humanity & Social
    Sciences 69, No.5, 74-83, September 2016 (in Chinese).
  8. “Monetary Policy Transparency and Interest Rate Rule in a Free Open Economy,” 2016 International
    Conference on Global Economy & Governance (GEG), Ocean University of China, 2016.
  9. “Determinants of the Timing of Bank Failure in Ten Asian Countries,” International Economic Studies,
    Vol. 44, No. 1, Spring & Summer 2014, 1- 14, 2014.
  10. “Impact of Quantitative Easing Trend on Mainland China and Emerging Economies,” Taiwan
    Development Perspectives 2014 , National Policy Foundation, 2014.
  11. “Profit Performance of Financial Holding Companies: Evidence from Taiwan,” Emerging Markets
    Finance and Trade, Vol.50, Supplement 3, pp. 190-200, 20l4.
  12. “The Banking of the Great China Area in Financial Turmoil and the Asian Lamfalussy Process,” ADBI
    Working Paper Series, No.221,2010.
  13. “Taiwan’s Monetary and Financial Policies in Post-Financial Tsunami Era,” Taiwan Development
    Perspectives 2010 , National Policy Foundation, 2010.
  14. “Demand Changes and Real Exchange Rate Dynamics in a Finite-horizon Model with Sectoral
    Adjustment Costs, ” Southern Economic Journal , Vol.75, No.4, 1191-1211, 2009.
  15. “Real Exchange Rate and Current Account Dynamics in a Finite-horizon Model with Sectoral
    Adjustment Costs, ” the Asia-Pacific Economic Association (APEA) 2007 Conference in Hong Kong,
    Hong Kong University of Science and Technology, 2007, July 25 –27th.
  16. “Real Exchange Rate and Current Account Dynamics in a Finite-horizon Model with Sectoral
    Adjustment  Costs,” Korea and the World Economy, VI: Towards Asian Economic Community, 2007
    , July 2 –3th,  University of Wollongong, Australia.
  17. “Liberalization of Trade, Business Prospect and Choice of RMB’s Exchange Rate Policies,” Shanghai
    International Forum 2007: Economic Globalization and the Choice of Asia, Fudan University, May
    25-27th, 2007.
  18. “Industrial Upgrading and Prospects of Cross-Strait Technology Industry Cooperation in Taiwan,”
    Academic Seminar on “Economic Exchanges and Cooperation of Cross-Strait”, Xiamen University,
    April 6th, 2007.
  19. “The Role of Financial Development in Economic Growth: The Experiences of Taiwan, Korea and
    Japan," Journal of Asian Economics, Vol.17, No.4, 667-690, 2006.
  20. Macroeconomics Lecture Series, Xi’an Jiaotong University, May 8-15th, 2006 (in Chinese).
  21. “Taiwan Financial Development and Economic Growth: The Role of Non-bank Financial Institution,
    ” The 10th Academic Conference of Economic Development: Taiwan Financial Development and
    Financial Performance, National Taipei University Department of Economics, 2006 (in Chinese).
  22. “Financial Structure, Corporate Finance and Growth of Taiwan's Manufacturing Firms,” Review of
    Pacific Basin Financial Markets and Policies (RPBFMP), Vol. 9, No. 1, pp67-95, 2006.
  23. “Current Account, Capital Formation and Terms of Trade Shocks: A Revisit of the Harberger-Lausen
    -Metzler Effect,” Journal of Economics, Vol.88, No.2, pp179-201, 2006.
  24. “The Opportunity and Challenge of Foreign Direct Investment of Taiwan Firms in Mainland China
    and the Policy Coordination between Taiwan and Mainland China Government,” The 10th
    International Conference of Chinese Economic Coordination System, Global Publisher ,2006
    (in Chinese).
  25. “The Performance of Taiwanese Banks: Financial Holding and Non-financial Holding Banks,” The
    Conference of Financial Reform and Development, Taiwan Economic Association, 2005 (in Chinese).
  26.  “On Taiwan Financial Reform and Financial Holding Company Perspective,” The 70th Anniversary
    Memory of Central Trust of China, Central Trust of China, 2005 (in Chinese).
  27. “The Privatization of State Bank: Taiwan Experience, ” Private Banks in Taiwan, Beijing Social
    Science Publisher, 2005 (in Chinese).
  28. “The Structure Changes of Taiwan’s Manufacturing Sector in Firm Size and Corporate Financing
    during 1991-2002”, Beijing Forum 2005, Peking University, 2005.
  29. “Current Account, Capital Formation and Terms of Trade Shocks: A Revisit of the Harberger-
    Lausen-Metzler Effect,” International Conference of Asia-Pacific Economic Association, Hitotsubashi
    University, July 30-31,2005.
  30. “Exploring Financial System Reform and Financial Cooperation under Economic Globalization,”
    Shanghai Forum Anthology, Shanghai Forum Organizing Committee, 2005 (forthcoming).
  31. “The Role of Financial Development in Economic Growth: The Experiences of Taiwan, Korea, and
    Japan ”, Joint Conference of KNU, KIEP, and RCIE-Asian Crisis V: New Challenges and Opportunities
    for the Post-Crisis Asia, Kangwon National University, Chuncheon, Korea, December 9-10, 2003.
  32. “An Investigation to Taiwan’s Agricultural Finance Difficulties”, National Policy Quarterly, pp. 125-
    145, Vol.3, No.4, 2004 (in Chinese).
  33. “The Role of Taiwanese Foreign Direct Investment in China: Economic Integration or Hollowing-out?”
    in Economic Integration and Multinational Investment Behavior: European and East Asian Experiences,
    eds. by Ruffini, Pierre-Bruno, Edward Elgar Publishing, 2004, pp.403-421.
  34. “The Role of Taiwanese Foreign Direct Investment in China: Economic Integration or Hollowing-out?”
    The Journal of the Korean Economy, Vol.5, No.2, pp.207-231, 2004.
  35. “An Analysis of Taiwan’s Economic Policies to the Mainland China and the Opportunities of Policy
    Cooperation ”, The 9th International Conference of Chinese Economic Coordination System, Regional
    Economy: Challenges , Opportunities and Perspectives, 2004 (in Chinese).
  36. “Financial Structure, Corporate Finance and Growth of Taiwan's Manufacturing Firms”, The Conference
    of Asian Crisis, VI: Financial Crisis and Economic Growth, University of Tokyo, Japan, August 30-31
    , 2004, and the 2004 NTU International Conference on Finance, National Taiwan University, Dec 20-21
    , Taipei, Taiwan.
  37. “A Model of the Early Warning System of Financial Crisis of Financial Institutions”, Quarterly Journal
    of Deposit Insurance Information, Vol. 17, No.2, pp.51-75, 2003 (in Chinese).
  38. “Monetary Policy in the Globalization World: Taiwan’s Experience,” The Workshop on the Globalization
    of Taiwan Economic Development, 2003, Chang Jung Christian University, Tainan, Taiwan.
  39. “An Exploration of the Difficulties of Current Financial Reform: Analysis of Complementary Financial
    Structure, ” Theory and Policy, 2003 (in Chinese).
  40. “The Role of Financial Development in Economic Growth: The Experiences of Taiwan, Korea, and
    Singapore”, The 78th Annual Western Economic Association International Pacific Rim Conference,
    Taiwan, 2003.
  41. “The Role of ‘Open-Door’ Policy in China’s Economic Development and Integration Process,”
    Chung-Hwa Institution for Economic Research Working Paper Series No.2002-1, 2002.
  42. “The Role of ‘Open-Door’ Policy in China’s Economic Development and Integration Process”,
    The Political and Economic Reforms of Mainland China in a Changing Global Society, 2002, pp.159-
    197, College of Social Sciences, National Taiwan University.
  43. “The Central Bank of China: Its Organization and Central Banking Management, Independence
    and Efficiency ”, The Conference of New Law of the Central Bank of China and Law of Foreign
    Market Exchange, 2002, Taiwan Economic Association (in Chinese).
  44. “The Role of Taiwanese Foreign Direct Investment in China: Economic Integration or Hollowing-out?”
    The 1st Conference of International Commercial Business, 2002, National Taipei Business Technology
    College, Department of International Commercial Business.
  45. “Financial Development and Economic Growth: Taiwan and Korean Experiences”, The 6th Economic
    Development Conference, Department of Economics, National Taipei University, 2002 (in Chinese).
  46. “The Contribution of Exports and Foreign Direct Investments to China Economic Growth”, The 3rd
    Conference of Empirical Economics, Department of Economics, National Chi Nan University, 2002
    (in Chinese).
  47. “The Role of Financial Development in Economic Growth: Taiwan and Korean Experiences”, The
    Industry of Free China, Vol.92, No.10, pp.35-78, 2002 (in Chinese).
  48. An Evaluation of the Financial Performance of Taiwan’s Banks in 1999-2001, Quarterly Journal of
    Deposit Insurance Information, Vol.16, No.1, pp.28-35, 2002 (in Chinese).
  49. “Economic Forecast and Macroeconomic Stabilization Policies”, Money Market Bimonthly, Vol.6, No.
    3, pp.1-18 , 2002 (in Chinese).
  50. “The Role of Financial Development in Economic Growth: The Experiences of Taiwan, Korea, and
    Singapore”, The 20th Annual Meeting of the Effects of Globalization in Taiwan and the Third World,
    2002, Association of Third World Studies and National Taiwan University.
  51. "The Role of Economic Policy in Recent Recession and Recovery: Taiwan Experience", Keynote
    Speech, International Conference of Asian Crisis Ⅳ: The Recovery and the Rest of the World, 2002,
    Department  of Economics, National Taiwan University.
  52. "Macroeconomic Policy and Model Evaluation”, The Economic Outlook and Current Problems in 2002,
    pp. 79-98, 2002, National Policy Foundation and National Taiwan University (in Chinese).
  53. "Taiwan’s Economic Recession and Recovery in the New Government Regime”, Conference of
    Globalization in the 21st Century, Innsbruck University, Austria, 2002.
  54. “Rating Taiwan’s Financial Bill Companies”, The Annual Conference of Taiwan Banking Association,
    2001 (in Chinese).
  55. “An Evaluation of the Financial Performance of Taiwan’s Banks in 1999 and 2000”, The Privatization 
    of International Commercial Bank: after 30 Years, pp.136-140, 2001 (in Chinese).
  56. “The Structure of Government R&D Expenditure and Its Performance”, Public Finance and Taxation
    Studies, Vol.33, No.3, pp.18-35, 2001 (in Chinese).
  57. “An Adjustable Mechanism of Government Expenditure, Business Cycle, and Budget System”, The
    Industry of Free China, Vol. 91, No.2, pp.25-52, 2001 (in Chinese).
  58. “National Public Pension and Fiscal Burden”, Taiwan Economic Forecasting and Policies, Vol.31, No.2,
    pp.67-90 , 2001 (in Chinese).
  59. "An Evaluation of the Financial Performance of Taiwan’s Banks in 1999 and 2000”, Taiwan Banking
    Association
    , 2001 (in Chinese).
  60. "Evaluation of the Financial Performance of Taiwan IT Industry ", The Proceedings of Annual Conference
    of Taiwan Economic Association, 2001 (in Chinese).
  61. ”The Role of Foreign Direct Investment in Economic Integration between Taiwan and China”, Location
    of Economic Activity, Regional Development and the Global Economy, 2001 (Le Hari University, France).
  62. "Labor Retirement Pension System: Defined Benefit or Defined Contribution?" Current Labor Market and
    Unemployment Conference, 2001 (in Chinese).
  63. "Monetary Policy and Taylor’s Interest Rate Rule", The 5th Conference in Memory of Professor Kuo-shu
    Liang, 2001, Department of Economics, National Taiwan University (in Chinese).
  64. ”How Could Taiwan Have Been Insulated from the 1997 Financial Crisis?” The Asian Exchange, Asian
    Regional Exchange for New Alternatives, 2001.
  65. "The Impact of Sound Financial Development on Capital Accumulation and Economic Growth", The 2nd
    Conference of Empirical Economics, 2001, Institute of Economics, Dr. Sun Yat-Sen University
    (in Chinese).
  66. "The Pension Fund Burden and Government Fiscal Ability", The Pension Fund Financial Balance
    Conference, 2000 (in Chinese).
  67. "An Evaluation of Financial Performance of Taiwan Banking Industries", Conference in Memory of
    Professor Kuo-shu Liang, Department of Economics, National Taiwan University, 2000 (in Chinese).
  68. "Financial Development and Endogenous Growth Model", Industry of Free China, Council for Economic
    Planning and Development, Executive Yuan, Taiwan, Vol. 9, No.5, pp.21-47, 2000 (in Chinese).
  69. "Research on Taiwan Central Bank’s Independency”, Money Market Bimonthly, Taipei Notes and Finance
    Business Association, Vol.3, No.5, pp.1-16, 1999 (in Chinese).
  70. ”The Role of the State during Economic Growth and Crisis: Taiwan's Experience”, Social and Economic
    Structures and the Origins of the Asian Crisis, 1999, Lund University, Sweden.
  71. ”Financial Development and Economic Growth:Taiwan's Experience”, International Trade and Capital
    Flows in Economic Restructuring and Growth: European and East Asian Experiences, 1999(Inha
    University,Korea).
  72. ”Interest Rate Rule or Monetary Aggregate Rule?-Evaluation of Taiwan Monetary Policy”, Soo Chow
    University Economic Conference, 1999 (in Chinese).
  73. ”Taiwan Financial Development: An Empirical Study of Endogenous Growth Model”, Conference of
    Econometric Model , 1998, Academy Sinica, Taiwan.
  74. ”Stability Analysis of Real Exchange Rate and Taiwan Money Demand - A Rational Expectation 
    Learning Model”, The Competitive Strategy for Native Enterprises in International Market,
    Proceedings of the First International Business Management Conference, 1997, National Chi Nan
    UAnniversity (in Chinese).
  75. ”Determination for the Optimal Upper Bound of Money Market Interest Rates”, Proceedings of nual
    Conference of Taiwan Finance Association, 1997 (in Chinese).
  76. ”The Taiwan Monetary Policy during Last 10 Years”, Conference in Memory of Professor Kuo-shu
    Liang, 1996, Department of Economics, National Taiwan University (in Chinese).
  77. ”An Evaluation of Monetary Policy: Operation and Intermediate Targets”, The 2nd International
    Economic Model Application Conference, 1996, National Central University.
  78. ”Terms of Trade Shock, Capital Accumulation, the Current Account and Finite Horizons”, The 1st
    International Economic Model Application Conference, 1995, National Central University.
  79. ”Debt Financing, Public Investment and Economic Growth in Taiwan”, Growth Theories in Light of
    the East Asian Experience, ed. by Takatoshi Ito and Anne O. Krueger, 1995, University of Chicago
    Press.
  80. ”Monetary Policy and Inflation in Taiwan: a VAR Approach”, Workshop on Inflation in Taiwan, Chung
    -Hua Insitution for Economic Research Conference Series, No.22, 1992 (in Chinese).
  81. ”Human Capital and Dynamic Wage Structure - Evidence from Taiwanese Labor Market”, The National
    Chi Nan University Journal, Vol.3, No.2, pp.129-182, 1999.
  82. ”Investment under Uncertainty”, Book Review, The National Chi Nan University Journal, Vol.1, pp.
    312-321, 1997 (in Chinese).
  83. ”The Economic Engine of Economic Growth in Southeast Asian Countries”, Journal of Southeast
    Asian Studies, Vol.1, No.3, 1996, Center for Southeast Asian Studies, National Chi Nan University
    in Chinese).
  84. ”An Evaluation of Fiscal and Financial Policies in Taiwan”, Journal of Business Bank, Vol.18, No.4,
    1995 (in Chinese).
  85. ”An Evaluation of Fiscal and Financial Policies in Taiwan”, Journal of Business Bank, Vol.18, No. 3,
    1995 (in Chinese).
  86. ”An Evaluation of Fiscal and Financial Policies in Taiwan”, Journal of Business Bank, Vol.18, No.2,
    (in Chinese).
  87. ”The Role of Macro Policies in the Taiwan Economic Development”, The Industry of Free China,
    Vol. 84, No.5. pp.61-71, 1995.
  88. ”The Role of Macroeconomics Policies in Taiwan Economic Development”, Seoul Journal of Economics
    , summer 1994, Seoul National University.
  89. ”Dynamic Adjustments of Inventories and Money Balances in Non-Walrasian Economics”, International
    Review of Economics and Finance, Vol.3, No.1, 1994 (JAI Press).
  90. ”Government Expenditure, Foreign Reserves and the Exchange Rate Dynamics”, International Economic
    Journal, Vol.7, No.3, pp.65-79, 1993, Seoul National University.
  91. ”Stock Price and Economic Factors: MTV and Principal Component Analysis”, Journal of Management,
    pp.79-104, 1993, Business Management College, National Taiwan University (in Chinese).
  92. ”Financial Relations between Taiwan and the Mainland China”, Money Market, 1993 (in Chinese).
  93. ”Rational Expectations and Taiwan Economy”, Money Market, 1992 (in Chinese).
  94. ”Dual Decisions of Firms, Inventory Stock, and Quantity Expectations”, The Japanese Economic
    Review (The Economic Studies Quarterly), Vol.43, No.2, 1992, Japanese Economic Association.
  95. ”Government Expenditure, Foreign Reserves and the Exchange Rate Dynamic”, Asian Economic
    Journal, Vol.5, No.2, pp.175-194, 1991, Eastern Asian Economic Association.
  96. ”Government Expenditure and Economic Growth: The Taiwan Experience”, The Industry of Free
    China, 1991 (in Chinese).
  97. ”Are Stock Prices Forecastable in Taiwan Stock Exchange Market?” Money Market, 1991 (in Chinese).
  98. ”Trade, Inventories, and Forward Exchange under Exchange Rate and Demand Uncertainty”, Journal
    of Economics, Vol.50, No.2, pp.113-127, 1989 (Springer-Verlag).
  99. ”Public Goods, Private Consumption and Exchange Rate Dynamics”, Taiwan Economic Review,Vol.17
    , No.3, pp.389-403, 1989, National Taiwan University (in Chinese).
  100. ”Tariff Policy and Quantity Expectations in an Economy with Classical Unemployment”, Journal of
    International Economic Integration, Vol.4, No.1, pp.99-121, spring 1989.
  101. ”Trade Liberalization and Unemployment:A Dynamic Model of Import and Export Sectors”, The
    Difficulties in Foreign Trade and Foreign Exchange Rate Fluctuation in Taiwan Conference, pp.279
    -306, 1989, Academia Sinica (in Chinese).
  102. ”Quantity Expectations and Unemployment in Non-Walrasian Economics”, International Economic 
    Journal, . 2, No.3, pp.61-77, 1988, Korean International Economic Association.
  103. ”The Structure Change in Manufacture Industry and Labor Demand”, The Taiwan Labor Market
    Conference, Taiwan Economic Review,Vol.16, No.2, pp.285-301, 1988, National Taiwan University
    (in Chinese).
  104. ”Public Expenditure, Price of Imported Raw Material, Trade Account and Foreign Exchage Rate:A
    Perfect Foresight Model”, Annual Conference Proceedings, Taiwan Economic Association, pp.181-214
    , 1987 (in Chinese).
  105. ”The Pricing Behavior Analysis of Banks under Risks - A Dynamic Inventory Model”, The Change and
    Strategy
    in Financial Environment Conference, pp.87-98, 1987, Tamkang University (in Chinese).
  106. ”An Empirical Study of the Behavior of the Velocity of Money in Taiwan”, Money Market, 1987 (in
    Chinese).
  107. ”Anticipated Tariff Policy and Capital Accumulation”, Taiwan Economic Review, Vol.15, No.2, 1987
    (in Chinese).
  108. ”Tariff Anticipation, the Balance of Trade, and Exchange Rate Dynamic Approach”, The 5th Social Science
    Conference, 1987, Academia Sinica (in Chinese).
  109. ”Current Economic Situation and Banking Management in Taiwan”, Journal of Business Bank, 1986 (
    Chinese).
  110. ”Money and Credit Multipliers: An Empirical Study”, Money Market, pp.38-42, 1986 (in Chinese).
  111. ”Inside Money, Outside Money, Superneutrality, and Capital Accumulation”, Taiwan Economic Review,
    Vol. 15,
    No.1, pp.247-268, 1986, National Taiwan University.
  112. ”Loanable Funds, Fiscal Policy, and Exchange Rate Dynamics”, Taiwan Economic Review, Vol.15, No.1,
    pp.247-268, 1986, National Taiwan University (in Chinese).
  113. ”The Consumption Function and Intertemporal Spillover Effects”, Journal of Economic Dynamics and
    Control, pp.443-455, 1986, Vol. 10, North-Holland.
  114. ”Dynamic Stability Analysis of a Stochastic Disequilibrium Model”, Taiwan Economic Review, Vol.14,
    pp.177-202, 1986, National Taiwan University.
  115. ”Commercial Banks, Foreign Currency Deposits and the Dynamic Adjustment of Exchange Rates”,
    Annual Conference Proceedings, 1985, Taiwan Economic Association (in Chinese).
  116. ”Tobin’s q Theory and Optimal Allocation of Investment Goods in a Two-Sector Model”, Taiwan 
    Economic Review, Vol. 13, pp.87-118, 1985, National Taiwan University.

Books

  1. International Finance, Yeh Yeh Book Gallery,2009 (in Chinese).
  2. The Business and Investment Environment in Taiwan and Mainland China: A Focus on the IT and
    High-Tech Electronic Industries, World Scientific and Imperial College Press, Singapore, May 2007.
  3. Money and Banking, 2nd edition, Hwatai Publisher, 2006 (in Chinese).
  4. Macroeconomic Analysis, 3rd edition, Sci-Tech Publisher, 2006 (in Chinese).
  5. Unemployment, Deflation, and Economic Stabilization Polices, Linking Publishing, 2004 (in Chinese).
  6. A Comparison of Taiwan and Mainland China: Business and Investment Environments in the
    Information Technology and High-Technology Electronics Sectors, The European Chamber of Commerce
    Taipei (ECCT), 2004 (in Chinese).
  7. The Economic Effects of Taiwan’s Financial and Fiscal Reforms, Council of Economic Planning and
    Development, 2003 (in Chinese).
  8. The Impacts of the Volatility of Japanese Yen Exchange Rate on Taiwan’s, Asian and the World’s
    Economies and Trades, Council of Economic Planning and Development, 2002 (in Chinese).
  9. The Role of Flows of Funds and a Competent Electronic System Planning in Knowledge Based Economy,
    Council of Economic Planning and Development, 2001 (in Chinese).
  10. How to Establish a Complete and Sound Retirement Pension Scheme? Taiwan Security Investment
    Trust and Advisory Association, 2000 (in Chinese).
  11. A Framework of Flexible Adjustment of Government Expenditure, Council of Economic Planning and
    Development, 2000 (in Chinese).
  12. A Study of a Complete Stock Market in Taiwan: Integration or Separation? Taiwan OTC, 2000
    (in Chinese).
  13. An Exploration of Problematic Listed Companies and Financial Institution after the 1998 Financial
    Crisis in Taiwan, Sun, Yin Sheng Foundation, 2000 (in Chinese).