Ming-Yuan Li Graduate Institute of Finance and Banking, National Cheng Kung University, Taiwan   No.1, Ta-Hsueh Road, Tainan 701, Taiwan Tainan, Taiwan, Taiwan 701 Taiwan   lmyleon@mail.ncku.edu.tw     Biographical Sketch: Ming-Yuan Leon Li, the correspoding author, is associate Professor of Finance at National Cheng Kung University. Dr. Li received a Ph.D. in Business from National Cheng Chi University in 2000. Dr. Li¡¦s areas of research interest are international financial management, financial computation, financial risk measurement and management and economic and financial forecasts. His research has appeared in or accepted by the publications such as Journal of Financial Studies, Asia Pacific Management Review, Academia Economic Papers, APEC Review, Taiwan Academy of Management Journal, Review of Securities and Futures Markets, Journal of American Academy of Business, Review of Quantitative Finance and Accounting, Journal of the Academy of Business Administration, International Journal of Financial Services Management, Applied Economics, Applied Economics Letters and Journal of Applied Business Research.   Primary Research Focus: international financial management, financial risk measurement and management and economic and financial forecasts   JEL Areas: G0 : Financial Economics: General F2 : International Factor Movements and International Business: General