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The purpose of this thesis is to explore the lead-lag relations between the sales associated with credit cards and the Taiwan business cycle as well as the Taiwan stock market from 01/1998 to 12/2018, totaling 252 months. This thesis employs the sales of "the value of domestic transactions", "the value of foreign transactions, "domestic cash advance", "foreign cash advance" and "revolving credit balance". First, the values of domestic and foreign transactions as well as the domestic and foreign cash advances reach their peaks after the economy and the stock market over the peak periods. Second, the values of domestic and foreign transactions reach their bottoms before the economy and the stock market over the peak periods. Third, the percentage differences in the peaks between the selected credit card variables and the economy or the stock market are larger than those in their bottoms. Fourth, especially after the two-card crisis, people in the expansion of consumer credit functions, and market interest rates gradually decline and other factors, people become more rational in controlling their credits. It is necessary to understand the patterns of consumer behavior, so the corresponding strategies can be more in line with expectations.
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