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題名 通貨替代與避險工具之選擇 作者 林緯卿 貢獻者 曹添旺
林緯卿日期 1992 上傳時間 4-May-2016 17:27:34 (UTC+8) 摘要 自1976年國際貨幣基金(IMF) 的修改基本條款，國際貨幣制度由固定匯率改為浮動匯率的制度，促使匯率變動合法化。支持浮動匯率論者認為:透過價格機能將增加資源分配效率，平衡國際收支，提高國內貨幣政策的自主性。實際上，匯率的自由調整非但無法得到以上的優點，反而造成匯率大幅地波動。因此考慮在開放經濟下，大眾同時握有本國與外國貨幣，根據資產報酬率持有國內外貨幣，產生了通貨替代的理論命題。但也有學者嚐試以本國商品作為通貨膨脹的避險工具。並就開放經濟的特性，考慮外國通貨膨脹率的存在。本文擬以最適控制，分析小型開放經濟的兩部門三資產的模型中，本國及外國通貨膨脹率對實質匯率 參考文獻 曹添旺(1987)「通貨替代、通貨膨脹、腫率調整與貨幣中立性」，經濟論文叢刊， 15，367-398 。曹添旺(1993a)「通貨替代、通貨膨脹、資產選擇與實質匯率動態」，經濟論文叢刊， 21 ， 1-21 。曹添旺(1993b)「通貨替代下實質匯率與通貨膨脹避險資產相對格之動態調整」手稿。Bhandari, J. (1983) "An Alternative Theory of Exchange Rate Dynamics," Quarterly Journal of Economics，87，337-51 "Brock, W. A. (1974) "Money and Growth: The case of Long Run Perfect Foresight," International Economic Review, 15，750-77 。Calvo, G. A. and C. A. Rodriguez (1977) "A Model of Exchange Rate Determination W1der Currency Substitution and Rational Expectations," Journal of Political Economy，85， 617-25 。Calvo, G. (1985) "Currency Substitution and the Real Exchange Rate: the Utility Maximization Approach," Journal of International Money and Finance，4，175-88。Chen` C. N. (1973) "Diversified Currency Holdings and Flexible Exchange Rates," Quarterly Journal of Economics，98，174-84。Chen, C. N. and T. W. Tsaur (1989) "Currency Substitution and Foreign` lnflation," Quarterly Journal of Economics，98，177-84 。Chen` C.N. ` T.W. Tsaur and S.C. Liu (989) "Currency Substitution ,Foreign Inflation` and Terms-of-Trade Dynamics`" Journal of Political Economy，97 ，955-64 。Dornbusch, R. (1976) "Expectations and Exchange Rate Dynamics,"Journal of Political Economy ，84，1161-76 。Engel，C.(1989) "The Trade Balance and Real Exchange Rateunder Currency Substitution," Journal of International Honey and Finance，8 ，47-58 。Frenkel, J. A. and C. A. Rcxiriguez (982) " Exchange Rate Dynamics and the Overshooting Hypothesis," International Monetary Fund Staff Papers，29，1-30。Kamien, M. I. and Schwartz, N. L. (1981) Dynamic Optimization:The Calculus of Variations and Optimal Control in Economics and Management，North Holland，1981 。Kouri, P. J. K. (1976) "The Exchange Rate and the Balance of Payments in the Short Run and in the Long Run," Scandinavian Journal of Economics ，78 ，255-75 。Liviatan N. (981) "Monetary Expansion and Real Exchange Rate Dynamics Journal of Political Economy ,89, 1218-27 。Miles, X. C. (1978) "Currency Substitution, Flexible Exchange Rate， and Monetary Independence`" American Economic Review,68 ，428-36 。Mundell,R.A. (968) International Economics` New York:Mcmi11an。Niehans, J. (1977) "Exchange Rate Dynamics with Stock/Flow Interaction," Journal of Political Economy，85，1245-57。Park, Won-Am. (987) "Crawling Peg` Inflation Hedges` and Exchange Rate Dynamics，" Journal International Economic，23，131-50 。Rogers, J.H. (1990) "Foreign Inflation Transmission under Flexible Exchange Rates and Currency Substitution， " Journal of Money ，Credit J and Banking， 22，195-207 。Sidrauski `M. (1967) "Rational Choice and Patterns of Growth in a Monetary Economy，" A. E. R. Papers and Proc. ，57, 534-44 。Silberberg, E. (1990) The Structure of Economics: A Mathematical Analysis，McGrawHill。Turnovsky, S. J. (1985) "Domestic and Foreign Disturbances in and Optimizing Model of Exchange-Rate Determination," Journal of International Money and Finance，1，151-71 。 描述 碩士
國立政治大學
經濟學系資料來源 http://thesis.lib.nccu.edu.tw/record/#B2002006293 資料類型 thesis dc.contributor.advisor 曹添旺 zh_TW dc.contributor.author (Authors) 林緯卿 zh_TW dc.creator (作者) 林緯卿 zh_TW dc.date (日期) 1992 en_US dc.date.accessioned 4-May-2016 17:27:34 (UTC+8) - dc.date.available 4-May-2016 17:27:34 (UTC+8) - dc.date.issued (上傳時間) 4-May-2016 17:27:34 (UTC+8) - dc.identifier (Other Identifiers) B2002006293 en_US dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/91087 - dc.description (描述) 碩士 zh_TW dc.description (描述) 國立政治大學 zh_TW dc.description (描述) 經濟學系 zh_TW dc.description.abstract (摘要) 自1976年國際貨幣基金(IMF) 的修改基本條款，國際貨幣制度由固定匯率改為浮動匯率的制度，促使匯率變動合法化。支持浮動匯率論者認為:透過價格機能將增加資源分配效率，平衡國際收支，提高國內貨幣政策的自主性。實際上，匯率的自由調整非但無法得到以上的優點，反而造成匯率大幅地波動。因此考慮在開放經濟下，大眾同時握有本國與外國貨幣，根據資產報酬率持有國內外貨幣，產生了通貨替代的理論命題。但也有學者嚐試以本國商品作為通貨膨脹的避險工具。並就開放經濟的特性，考慮外國通貨膨脹率的存在。本文擬以最適控制，分析小型開放經濟的兩部門三資產的模型中，本國及外國通貨膨脹率對實質匯率 zh_TW dc.description.tableofcontents 第一章 緒論....................1第二章 理論模型第一節 模型建立....................4第二節 模型的長期均衡解與動態路徑....................11第三章 政策效果與外在衝擊的影響第一節 本國貨幣增長率提高之影響....................15第二節 外國通貨膨脹率提高之影響....................22附表....................29第四章 結論....................30附錄.................... 33參考文獻....................42 zh_TW dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#B2002006293 en_US dc.title (題名) 通貨替代與避險工具之選擇 zh_TW dc.type (資料類型) thesis en_US dc.relation.reference (參考文獻) 曹添旺(1987)「通貨替代、通貨膨脹、腫率調整與貨幣中立性」，經濟論文叢刊， 15，367-398 。曹添旺(1993a)「通貨替代、通貨膨脹、資產選擇與實質匯率動態」，經濟論文叢刊， 21 ， 1-21 。曹添旺(1993b)「通貨替代下實質匯率與通貨膨脹避險資產相對格之動態調整」手稿。Bhandari, J. (1983) "An Alternative Theory of Exchange Rate Dynamics," Quarterly Journal of Economics，87，337-51 "Brock, W. A. (1974) "Money and Growth: The case of Long Run Perfect Foresight," International Economic Review, 15，750-77 。Calvo, G. A. and C. A. Rodriguez (1977) "A Model of Exchange Rate Determination W1der Currency Substitution and Rational Expectations," Journal of Political Economy，85， 617-25 。Calvo, G. (1985) "Currency Substitution and the Real Exchange Rate: the Utility Maximization Approach," Journal of International Money and Finance，4，175-88。Chen` C. N. (1973) "Diversified Currency Holdings and Flexible Exchange Rates," Quarterly Journal of Economics，98，174-84。Chen, C. N. and T. W. Tsaur (1989) "Currency Substitution and Foreign` lnflation," Quarterly Journal of Economics，98，177-84 。Chen` C.N. ` T.W. Tsaur and S.C. Liu (989) "Currency Substitution ,Foreign Inflation` and Terms-of-Trade Dynamics`" Journal of Political Economy，97 ，955-64 。Dornbusch, R. (1976) "Expectations and Exchange Rate Dynamics,"Journal of Political Economy ，84，1161-76 。Engel，C.(1989) "The Trade Balance and Real Exchange Rateunder Currency Substitution," Journal of International Honey and Finance，8 ，47-58 。Frenkel, J. A. and C. A. Rcxiriguez (982) " Exchange Rate Dynamics and the Overshooting Hypothesis," International Monetary Fund Staff Papers，29，1-30。Kamien, M. I. and Schwartz, N. L. (1981) Dynamic Optimization:The Calculus of Variations and Optimal Control in Economics and Management，North Holland，1981 。Kouri, P. J. K. (1976) "The Exchange Rate and the Balance of Payments in the Short Run and in the Long Run," Scandinavian Journal of Economics ，78 ，255-75 。Liviatan N. (981) "Monetary Expansion and Real Exchange Rate Dynamics Journal of Political Economy ,89, 1218-27 。Miles, X. C. (1978) "Currency Substitution, Flexible Exchange Rate， and Monetary Independence`" American Economic Review,68 ，428-36 。Mundell,R.A. (968) International Economics` New York:Mcmi11an。Niehans, J. (1977) "Exchange Rate Dynamics with Stock/Flow Interaction," Journal of Political Economy，85，1245-57。Park, Won-Am. (987) "Crawling Peg` Inflation Hedges` and Exchange Rate Dynamics，" Journal International Economic，23，131-50 。Rogers, J.H. (1990) "Foreign Inflation Transmission under Flexible Exchange Rates and Currency Substitution， " Journal of Money ，Credit J and Banking， 22，195-207 。Sidrauski `M. (1967) "Rational Choice and Patterns of Growth in a Monetary Economy，" A. E. R. Papers and Proc. ，57, 534-44 。Silberberg, E. (1990) The Structure of Economics: A Mathematical Analysis，McGrawHill。Turnovsky, S. J. (1985) "Domestic and Foreign Disturbances in and Optimizing Model of Exchange-Rate Determination," Journal of International Money and Finance，1，151-71 。 zh_TW
