亚洲有效汇率的估算:从技术角度进行的解释  

Estimation of Asian effective exchange rates:a technical note

作　　者：马国南 钱泳 

机构地区：[1]国际清算银行亚洲与太平洋代表处

出　　处：《中国货币市场》2006年第11期28-37,共10页China Money

摘　　要：有效汇率构建中的关键选择包括采用的加权方法、货币篮子中包含的币种范围以及贸易权重的基期。文章审视了亚洲货币有效汇率构建中两个可能的改进措施——香港转口贸易的调整,以及考虑区内贸易的增长而对基期进行的更新,并以人民币为例分别分析了这两项改进措施对有效汇率构建的综合影响以及每一项改进措施的单独影响。Key choices in the construction of an effective exchange rate include the weighting scheme employed, the range of currencies to be included in the basket, and the base period for the trade weights. This paper reviews two possible improvements for the construction of the effective exchange rates of Asian currencies - an adjustment for trade through and around Hong Kong, and an updated base period to take into account the rising intra-regional trade. Taking renminbi as an example, the paper also analyzes the combined and independent influence of these two refinements on the construction of the effective exchange rates.

关 键 词：亚洲有效汇率 香港转口贸易 基期年份 

分 类 号：F831.52[经济管理—金融学]