引导与干预:不同汇率制度中的央行行为分析  

Guidance and Intervention: a Behavior Analysis of the Central Bank in Different Exchange Systems

作　　者：马德功[1] 

机构地区：[1]四川大学经济学院,四川成都610064

出　　处：《四川大学学报（哲学社会科学版）》2005年第5期17-22,共6页Journal of Sichuan University：Philosophy and Social Science Edition

摘　　要：广义汇率目标区制包括介于浮动汇率制与固定汇率制之间的所有的汇率安排,中央银行外汇市场干预的不同,决定了汇率目标区制中类型的不同。在中央银行强有力的干预下,中心汇率和目标区公开是最具吸引力的一种目标区制,其根本特性就在于其汇率形成机制的内在稳定性,从而也是构建未来人民币汇率目标区制的较好选择。Exchange rate target zone system in broad sense includes all kinds of exchange rate arrangements between the floating exchange rate system and the fixed one, and categories of exchange rate arrangements depend on different interventions of the central bank. With the effective intervention of the central bank, the exchange rate target zone system with open central exchange rate and open target zone is the most attractive one, and its basic feature lies in its inherent stability; therefore it is a good choice for establishing future RMB exchange rate target zone system.

关 键 词：汇率制度 中央银行干预 人民币汇率目标区 

分 类 号：F830.73[经济管理—金融学]