退出盯住汇率制度不同策略的比较研究  

Research on Different Strategies for Exiting from the Pegged Exchange Rate Regimes

作　　者：汪茂昌[1] 

机构地区：[1]复旦大学经济学院

出　　处：《数量经济技术经济研究》2006年第2期32-41,共10页Journal of Quantitative & Technological Economics

摘　　要：在开放经济条件下,盯住汇率制度变得越来越不可维持。很多国家不断退出盯住汇率制度,实行更加灵活的汇率制度。本文把银行体系引入到第二代货币危机模型中,并对模型进行了扩展,构建了退出盯住汇率制度的不同策略模型,即危机驱动退出策略模型和主动退出策略模型。同时,本文还比较了作为退出策略的一种替代,即资本管制策略。It is difficult to make the pegged exchange rate regimes to be sustainable under the open-economy conditions. More and more countries had exited from the pegged exchange rate regimes and adopted more flexible exchange rate regimes. The paper develops the different strategies for exiting from the pegged exchange rate regimes by incorporating the bank system into the second generation currency crisis model, arid analyses the effects of capital control, substitute for exiting strategies.

关 键 词：汇率制度 退出策略 资本管制 

分 类 号：F832.1[经济管理—金融学]