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來源資料
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題 名 | 匯率自由化與錯向調整--以雙元匯率體制變遷為銓釋=Exchange-rate Liberalization and Misadjustment: A Regime-switch Illustration of the Two-tier Exchange Rate |
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作 者 | 賴景昌; 張淑華; 張文雅; | 書刊名 | 人文及社會科學集刊 |
卷 期 | 4:1 1991.11[民80.11] |
頁 次 | 頁231-276 |
分類號 | 563.24 |
關鍵詞 | 匯率; 自由化; 錯向調整; 雙元匯率制度 ; 雙元浮動匯率制度; |
語 文 | 中文(Chinese) |
中文摘要 | 本文建立一個同時涵蓋單純雙元匯率制度與雙元浮動匯率制度的模型,據以探討 ,一個實施單純雙元匯率制度的國家,在面臨國際收支持續赤字及以匯存底不斷流失的困境 下,政府當局宣佈將於未來某一時刻放棄商業外匯市場的匯率管制,改採雙元浮動匯率制度 。在全文的分析中,我們利用幾何圖形作為輔助工具,詳細地說明,商業匯率自由化的宣告 時機及執行時機將如何左右經濟體系的動態調整。 |
英文摘要 | This paper sets up a general macroeconomic framework which is able to describe both ordinary two-tier and float two-tier regimes. The issue this paper concerns is that, a country adopting ordinary two-tier exchange rates suffers from a sustained deficit and gradual depletion of foreign reserves, the authorities thus are forced to announce to give up the control of exchange rate in the commercial foreign exchange market at a future date. More specifically, the problem this paper studies is that the regime is anticipated by the public to switch from ordinary two-tier to float two-tier exchange rates. Using graphical illustration as a supplementary instrument, this paper finds that, the timing of announcement and of implementation of the liberlization in the commercial foreign exchange market play an important role for determining the evolution of economic behavior during the time interval prior to and after regime switch. |
本系統中英文摘要資訊取自各篇刊載內容。