查詢結果分析
來源資料
頁籤選單縮合
題 名 | 匯率聯盟的貨幣干擾效果=Monetary Disturbance Effect in Exchange Rate Union |
---|---|
作 者 | 倪仁禧; | 書刊名 | 德明學報 |
卷 期 | 16 2000.12[民89.12] |
頁 次 | 頁23-43 |
分類號 | 561.1 |
關鍵詞 | 貨幣危機; 匯率聯盟; 最適通貨區; 貨幣聯盟; Currency crisis; Exchange rate union; Optimal currency area; Monetary union; |
語 文 | 中文(Chinese) |
中文摘要 | 本文探討一小國及一大國結為匯率聯盟,國內及國外的貨幣政策改變 時,對小國經濟體系的影響。第1小國加入匯率聯盟,不管工資指數化與否,國 內的貨幣政策變動不影響小、國與匯率聯盟國的匯率,產出及國內的物價水準均 能維持穩定;若不加入匯率聯盟,採浮動匯率制度時,本國貨幣政策干擾將使匯 率出現波動。而在產出方面,完全工資指數化的貨幣干擾並不影響產出,無工資 指數化貨幣干擾對產出有同方向效果。物價水準的變動方面,貨幣數量增加不管 工資指數化與否,將促使物價水準上升。第2小國的國內干擾效果,貨幣數量增 加會使第2國相對第1國及第3國貨幣貶值、物價水準上揚,在完全工資指數化的 貨幣干擾對產出無效。聯盟國的貨幣數量增加使第1國對第3國貨幣貶值,物價水 準上升,對產出影響將因工資指數化不同有異,在完全工資指數時,不影響第1 國的產出,完全無工資指數時有助於第1國產出增加。 |
英文摘要 | The paper presents a model of a exchange rate union designed a small country with a largecountry. We using four-country to construct macroeconomic model. This paper discuss monetarydisturbance effect in exchange rate union country. Domestic monetary policy will not affectoutput , price and exchange rate with exchange rate union country in the first small country. Byjoining the union, the first country not only fixed it exchange rate with exchange rate unioncountry but has effectively surrendered control over its exchange rate. Under flexible rates, themonetary disturbance affects output through the exchange rate. It is important that wageindexation complete or not. Monetary disturbance will affect the exchange rate depreciates,output and price increases no wage indexation, the exchange rate depreciates and price increaseunder full wage indexation. Foreign monetary disturbance will first country depreciate tonon-union country, price increase, output variation depends on wage indexation or not. Output unaffected under full wage indexation, increase by monetary policy expansion under no wageindexation. |
本系統中英文摘要資訊取自各篇刊載內容。