First Author:   Chien-Fu Chen Department of Economics, National Dong Hwa University, Taiwan cfc@mail.ndhu.edu.tw   No. 1, Sec. 2, Da Hsueh Rd., Shoufeng, Hualien, Taiwan Hualien, 97401, Taiwan   +886-3-8635548(Phone) +886-3-8635548(Fax) Second Author: Chien-an Andy Wang Department of Banking and Finance, National Chi-Nan University, Taiwan cawang@ncnu.edu.tw         Third Author: Chung-Hua Shen Department of Money and Banking, National Chengchi University, Taiwan chshen@nccu.edu.tw