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題名 匯率目標區政策與經濟之穩定性:雙元匯率制度之分析
其他題名 Exchange Rate Target Zone Policy and Economic Stability: Dual Exchange Rate Model Analysis
作者 方中柔
關鍵詞 雙元匯率;匯率目標區;投機性炒作;匯率體制崩潰;經濟穩定
Dual exchange rate;Exchange-rate target zone;Speculative attack;Exchange regime collapse;Economic stability
日期 2000
上傳時間 18-Apr-2007 18:27:27 (UTC+8)
Publisher 臺北市:國立政治大學經濟學系
摘要 本文之主要目的為:探討雙元匯率在有特殊限制下,其對經濟穩定性之影響(即對物價、利率產出、商業匯率及金融匯率的穩定作用)。故本文擬修改Froot and Obstfeld(1991)之模型為包含實質面隨機干擾項的模型;再結合目標區的研究方法,來探討以下之問題:當經濟體系面對實質面之經濟干擾時,中央銀行如何在商業匯率目標區政策、商業匯率自由浮動政策政策下作選擇。期在此修正模型下,發現一能使經濟穩定之最適政策指標。本文之結論為:和傳統理論認為商業匯率和金融匯率穩定係互相抵觸的說法不同,就目標區理論而言,在某些狀況下兩者之穩定是相輔相成的;而係數Ω/sub 0/之正負扮演關鍵性的角色。
Based on a simple stochastic macro model, this paper addresses the relative stabilizing performance of dual exchange rates system from the viewpoint of target zones. Contrast to the conclusion in dual exchange rate literatures, upon the shock of a change in commodity production, we find that the inverse movement in these dual rates is not always be hold under the commercial rate target zone policy. The elasticity of some specific factors is the crucial point for the desirability of targeting commercial rate: with Ω/sub 0/>0, this policy tend to lower the variability of prices, interest rates, and commercial rate but raise the variability of output, financial rate`s variability is uncertain. However, with Ω/sub 0/<0, the policy will lead to a smaller output, commercial rate, and financial rate fluctuation at the expense of larger price and interest rate fluctuations.
描述 核定金額:455000元
資料類型 report
dc.coverage.temporal 計畫年度:89 起迄日期:19990801~20000731en_US
dc.creator (作者) 方中柔zh_TW
dc.date (日期) 2000en_US
dc.date.accessioned 18-Apr-2007 18:27:27 (UTC+8)en_US
dc.date.accessioned 9-Sep-2008 09:01:39 (UTC+8)-
dc.date.available 18-Apr-2007 18:27:27 (UTC+8)en_US
dc.date.available 9-Sep-2008 09:01:39 (UTC+8)-
dc.date.issued (上傳時間) 18-Apr-2007 18:27:27 (UTC+8)en_US
dc.identifier (Other Identifiers) 892415H004017.pdfen_US
dc.identifier.uri (URI) http://tair.lib.ntu.edu.tw:8000/123456789/5086en_US
dc.identifier.uri (URI) https://nccur.lib.nccu.edu.tw/handle/140.119/5086-
dc.description (描述) 核定金額:455000元en_US
dc.description.abstract (摘要) 本文之主要目的為:探討雙元匯率在有特殊限制下,其對經濟穩定性之影響(即對物價、利率產出、商業匯率及金融匯率的穩定作用)。故本文擬修改Froot and Obstfeld(1991)之模型為包含實質面隨機干擾項的模型;再結合目標區的研究方法,來探討以下之問題:當經濟體系面對實質面之經濟干擾時,中央銀行如何在商業匯率目標區政策、商業匯率自由浮動政策政策下作選擇。期在此修正模型下,發現一能使經濟穩定之最適政策指標。本文之結論為:和傳統理論認為商業匯率和金融匯率穩定係互相抵觸的說法不同,就目標區理論而言,在某些狀況下兩者之穩定是相輔相成的;而係數Ω/sub 0/之正負扮演關鍵性的角色。-
dc.description.abstract (摘要) Based on a simple stochastic macro model, this paper addresses the relative stabilizing performance of dual exchange rates system from the viewpoint of target zones. Contrast to the conclusion in dual exchange rate literatures, upon the shock of a change in commodity production, we find that the inverse movement in these dual rates is not always be hold under the commercial rate target zone policy. The elasticity of some specific factors is the crucial point for the desirability of targeting commercial rate: with Ω/sub 0/>0, this policy tend to lower the variability of prices, interest rates, and commercial rate but raise the variability of output, financial rate`s variability is uncertain. However, with Ω/sub 0/<0, the policy will lead to a smaller output, commercial rate, and financial rate fluctuation at the expense of larger price and interest rate fluctuations.-
dc.format applicaiton/pdfen_US
dc.format.extent bytesen_US
dc.format.extent 1243463 bytesen_US
dc.format.extent 1243463 bytes-
dc.format.extent 1057 bytes-
dc.format.mimetype application/pdfen_US
dc.format.mimetype application/pdfen_US
dc.format.mimetype application/pdf-
dc.format.mimetype text/plain-
dc.language zh-TWen_US
dc.language.iso zh-TWen_US
dc.publisher (Publisher) 臺北市:國立政治大學經濟學系en_US
dc.rights (Rights) 行政院國家科學委員會en_US
dc.subject (關鍵詞) 雙元匯率;匯率目標區;投機性炒作;匯率體制崩潰;經濟穩定-
dc.subject (關鍵詞) Dual exchange rate;Exchange-rate target zone;Speculative attack;Exchange regime collapse;Economic stability-
dc.title (題名) 匯率目標區政策與經濟之穩定性:雙元匯率制度之分析zh_TW
dc.title.alternative (其他題名) Exchange Rate Target Zone Policy and Economic Stability: Dual Exchange Rate Model Analysis-
dc.type (資料類型) reporten