| dc.contributor.advisor | 朱美麗 | zh_TW |
| dc.contributor.advisor | Chu,Mei-Lie | en_US |
| dc.contributor.author (Authors) | 林育聖 | zh_TW |
| dc.contributor.author (Authors) | Lin,Yu-Sheng | en_US |
| dc.creator (作者) | 林育聖 | zh_TW |
| dc.creator (作者) | Lin,Yu-Sheng | en_US |
| dc.date (日期) | 2005 | en_US |
| dc.date.accessioned | 14-Sep-2009 13:26:41 (UTC+8) | - |
| dc.date.available | 14-Sep-2009 13:26:41 (UTC+8) | - |
| dc.date.issued (上傳時間) | 14-Sep-2009 13:26:41 (UTC+8) | - |
| dc.identifier (Other Identifiers) | G0093258001 | en_US |
| dc.identifier.uri (URI) | https://nccur.lib.nccu.edu.tw/handle/140.119/32223 | - |
| dc.description (描述) | 碩士 | zh_TW |
| dc.description (描述) | 國立政治大學 | zh_TW |
| dc.description (描述) | 經濟研究所 | zh_TW |
| dc.description (描述) | 93258001 | zh_TW |
| dc.description (描述) | 94 | zh_TW |
| dc.description.abstract (摘要) | In the literature, a considerable theoretical and empirical works have investigated the credit channel of monetary transmission mechanism. This dissertation extends the Bernanke and Blinder (1988) model to an open-economy setting with flexible exchange rate and perfect capital mobility. By means of the framework, we examine the exchange rate dynamics and the adjustment of real output. It turns out that, with a significant credit channel effect, the exchange rate puzzle may occur in the short run and in long run. Moreover, in contrast to Dornbusch (1976), this dissertation shows that, depending upon the strength of the credit channel effect, overshooting, undershooting and counter-shooting impact effect may occur when international capital mobility is perfect. | zh_TW |
| dc.description.abstract (摘要) | In the literature, a considerable theoretical and empirical works have investigated the credit channel of monetary transmission mechanism. This dissertation extends the Bernanke and Blinder (1988) model to an open-economy setting with flexible exchange rate and perfect capital mobility. By means of the framework, we examine the exchange rate dynamics and the adjustment of real output. It turns out that, with a significant credit channel effect, the exchange rate puzzle may occur in the short run and in long run. Moreover, in contrast to Dornbusch (1976), this dissertation shows that, depending upon the strength of the credit channel effect, overshooting, undershooting and counter-shooting impact effect may occur when international capital mobility is perfect. | en_US |
| dc.description.tableofcontents | CHAPTER 1 INTRODUCTION 1 CHAPTER 2 LITERATURE REVIEW 3 CHAPTER 3 THE MODEL 7 3.1 THE ANALYTICAL FRAMEWORK 7 3.2 THE LONG-RUN EQUILIBRIUM AND COMPARATIVE STATICS 9 3.3 THE DYNAMICS 15 CHAPTER 4 AN EXPANSIONARY MONETARY POLICY ON EXCHANGE RATE DYNAMICS 18 4.1 WEAK CREDIT CHANNEL EFFECT AND OVERSHOOTING 19 4.2 STRONG CREDIT CHANNEL EFFECT AND COUNTERSHOOTING OR UNDERSHOOTING 20 4.3 POLICY IMPLICATIONS 22 CHAPTER 5 CONCLUSION 24 REFERENCES 25 APPENDIX A 27 APPENDIX B 29 APPENDIX C 32 APPENDIX D 35 APPENDIX E 38 Figures FIGURE 1: THE CC-LM-BP SCHEME 11 FIGURE 2: THREE POSSIBILITIES OF IS-FA SCHEME 12 FIGURE 3: PHASE DIAGRAM 17 FIGURE 4: OVERSHOOTING 23 FIGURE 5: UNDERSHOOTING AND COUNTERSHOOTING 23 Tables TABLE 1: THE MEANING OF VARIABLES 8 TABLE 2: CONDITIONS FOR SLOPES OF IS AND FA SCHEME 12 TABLE 3: CREDIT CHNNEL AND COMPARATIVE STATICS 14 TABLE 4: CREDIT CHANNEL AND IMPACT EFFECTS 19 | zh_TW |
| dc.language.iso | en_US | - |
| dc.source.uri (資料來源) | http://thesis.lib.nccu.edu.tw/record/#G0093258001 | en_US |
| dc.subject (關鍵詞) | 信用管道 | zh_TW |
| dc.subject (關鍵詞) | 信用市場 | zh_TW |
| dc.subject (關鍵詞) | 完全資本移動 | zh_TW |
| dc.subject (關鍵詞) | 匯率動態 | zh_TW |
| dc.subject (關鍵詞) | 貨幣政策傳導機制 | zh_TW |
| dc.subject (關鍵詞) | credit channel | en_US |
| dc.subject (關鍵詞) | credit market | en_US |
| dc.subject (關鍵詞) | perfect capital mobility | en_US |
| dc.subject (關鍵詞) | exchange rate dynamics | en_US |
| dc.subject (關鍵詞) | monetary transmission mechanism | en_US |
| dc.title (題名) | 開放經濟體下納入信用市場之匯率動態 | zh_TW |
| dc.title (題名) | Exchange Rate Dynamics in a Small Open Economy with Credit Market | en_US |
| dc.type (資料類型) | thesis | en |
| dc.relation.reference (參考文獻) | Abrams, B. A. and F. R. Settle (2003), “Do Fixed Exchange Rates Fetter Monetary Policy? A Credit View,” NBER Working Papers, No.2003-09. | zh_TW |
| dc.relation.reference (參考文獻) | Bernanke, B. S. (1981), “Bankruptcy, Liquidity, and Recession,” American Economic Review, Vol. 71, No. 2, pp. 155-159. | zh_TW |
| dc.relation.reference (參考文獻) | Bernanke, B. S. (1983), “Nonmonetary Effects of the Financial Crisis in the Propagation of the Great Depression,” American Economic Review, Vol. 73, No. 3, pp. 257-276. | zh_TW |
| dc.relation.reference (參考文獻) | Bernanke, B. S. and S. A. Blinder (1988), “Credit, Money, and Aggregate Demand,” American Economic Review, Vol. 78, No. 2, pp. 435-439. | zh_TW |
| dc.relation.reference (參考文獻) | Bernanke, B. S. and S. A. Blinder (1992), “The Federal Funds Rate and the Channels of Monetary Transmission,” American Economic Review, Vol. 82, No. 4, pp. 901-921. | zh_TW |
| dc.relation.reference (參考文獻) | Bernanke B. S. and M. Gertler (1995), “Inside the Black Box: The Credit Channel of Monetary Policy Transmission,” Journal of Economic Perspectives, Vol. 9, No. 4, pp. 27-48. | zh_TW |
| dc.relation.reference (參考文獻) | Chiades, P. and L. Gambacorta (2004), “The Bernanke and Blinder Model in an Open Economy: The Italian Case,” German Economic Review , Vol. 5, No.1, pp. 1-34. | zh_TW |
| dc.relation.reference (參考文獻) | Chiang, Alpha (1984), Fundamental Methods of Mathematical Economics, 3rd ed. New York: McGraw-Hill. | zh_TW |
| dc.relation.reference (參考文獻) | Dornbusch, R. (1976), “Expectations and Exchange Rate Dynamics,” Journal of Political Economy, Vol. 84, No. 6, pp. 1161-1176. | zh_TW |
| dc.relation.reference (參考文獻) | Kuttner, K. N. and P. C. Mosser (2002), “The Monetary Transmission Mechanism: Some Answers and Further Questions,” FRBYN Economic Policy Review, pp. 15-26. | zh_TW |
| dc.relation.reference (參考文獻) | Liu, C. L. (2005), “The Effects of Credit Channel in a Small Open Economy with Perfect Capital Mobility,” Master Thesis, National Chengchi University Department of Economics. | zh_TW |
| dc.relation.reference (參考文獻) | Mishkin, F. S. (1995), “Symposium on the Monetary Transmission Mechanism,” Journal of Economic Perspectives, Vol. 9, No. 4, pp. 3-10. | zh_TW |
| dc.relation.reference (參考文獻) | Mundell, R. A. (1963), “Capital Mobility and Stabilization Policy under Fixed and Flexible Exchange Rates,” The Canadian Journal of Economics and Political Science, Vol. 29, No. 4, pp. 475-485. | zh_TW |
| dc.relation.reference (參考文獻) | Tsai, C. C. (2005), “More on Monetary Policy in a Small Open Economy with Imperfect International Capital mobility: A Credit View,” Master Thesis, National Chengchi University Department of Economics. | zh_TW |
