Publications-NSC Projects

Article View/Open

Publication Export

Google ScholarTM

NCCU Library

Citation Infomation

Related Publications in TAIR

題名 預防性儲蓄的最佳組合
Optimal Combination of Precautionary Policies
作者 朴民佑
貢獻者 國貿系
關鍵詞 驟然停止; 外匯儲備; 宏觀審慎政策; 資本管制; 金融性外部性
Sudden stops; Foreign exchange reserves; Macroprudential policy; Capital controls; Pecuniary externality
日期 2024-05
上傳時間 12-May-2026 15:55:34 (UTC+8)
摘要 The developed framework and analysis in this project will help us to understand how emerging market countries use various policy tools in their hands against sudden stops. Also, this project will have a significant implication for the government policy decision process by providing them a guide for the optimal policy combination when there are more than one policy instrument available against sudden-stops. The relatively general framework accompanied with a dedicated numerical analysis tool will have easy accessibility for the policy makers and can be easily altered and applied to many different situations. Another implication this project will have in the literature is to provide explanations for some of the puzzles of emerging market economies (EMEs)' foreign exchange reserves (or, equivalently, international reserves) by allowing the possibility that foreign exchange reserves can be used as collateral. The rationale for this allowance is the recent establishment of a temporary repurchase agreement facility for Foreign and International Monetary Authorities (FIMA Repo Facility) by the Federal Reserve (Fed), where EMEs can use their international reserves as collateral and increase their borrowings during a sudden stop. This project will be able to explain the puzzles with more realistic parameter values compared to Han and Park (2018), due to the infinite horizon environment.
關聯 科技部, MOST111-2410-H004-172, 111.08-112.07
資料類型 report
dc.contributor 國貿系
dc.creator (作者) 朴民佑
dc.date (日期) 2024-05
dc.date.accessioned 12-May-2026 15:55:34 (UTC+8)-
dc.date.available 12-May-2026 15:55:34 (UTC+8)-
dc.date.issued (上傳時間) 12-May-2026 15:55:34 (UTC+8)-
dc.identifier.uri (URI) https://ah.lib.nccu.edu.tw/item?item_id=182517-
dc.description.abstract (摘要) The developed framework and analysis in this project will help us to understand how emerging market countries use various policy tools in their hands against sudden stops. Also, this project will have a significant implication for the government policy decision process by providing them a guide for the optimal policy combination when there are more than one policy instrument available against sudden-stops. The relatively general framework accompanied with a dedicated numerical analysis tool will have easy accessibility for the policy makers and can be easily altered and applied to many different situations. Another implication this project will have in the literature is to provide explanations for some of the puzzles of emerging market economies (EMEs)' foreign exchange reserves (or, equivalently, international reserves) by allowing the possibility that foreign exchange reserves can be used as collateral. The rationale for this allowance is the recent establishment of a temporary repurchase agreement facility for Foreign and International Monetary Authorities (FIMA Repo Facility) by the Federal Reserve (Fed), where EMEs can use their international reserves as collateral and increase their borrowings during a sudden stop. This project will be able to explain the puzzles with more realistic parameter values compared to Han and Park (2018), due to the infinite horizon environment.
dc.format.extent 116 bytes-
dc.format.mimetype text/html-
dc.relation (關聯) 科技部, MOST111-2410-H004-172, 111.08-112.07
dc.subject (關鍵詞) 驟然停止; 外匯儲備; 宏觀審慎政策; 資本管制; 金融性外部性
dc.subject (關鍵詞) Sudden stops; Foreign exchange reserves; Macroprudential policy; Capital controls; Pecuniary externality
dc.title (題名) 預防性儲蓄的最佳組合
dc.title (題名) Optimal Combination of Precautionary Policies
dc.type (資料類型) report