臺灣人文及社會科學引文索引資料庫系統

:::

詳目顯示

回上一頁
第 1 筆 / 總合 1 筆   第一頁 上一頁 下一頁 最後一頁
/1頁
題名：市場取價不對稱性與匯率行為
書刊名：多國籍企業管理評論
作者：賴宗福 引用關係
作者(外文)：Lai, Chung-fu
出版日期：2011
卷期：5:1
頁次：頁72-90
主題關鍵詞：市場取價；匯率動態；匯率轉嫁；新開放經濟總體經濟學；Asymmetric pricing-to-market；Exchange rate dynamics；Exchange rate pass-through；NOEM
原始連結：連回原系統網址new window
相關次數：
  • 被引用次數被引用次數:期刊(1) 博士論文(0) 專書(0) 專書論文(0)
  • 排除自我引用排除自我引用:0
  • 共同引用共同引用:0
  • 點閱點閱:31
本文以「新開放經濟總體經濟模型」作為分析基礎，修正Betts and Devereux (1996)對稱性市場取價之設定，探究不對稱市場取價行為對匯率轉嫁及其動態調整過程的影響，試圖補充既有文獻之不足。本研究結果顯示，當存在不對稱取價行為時，國家規模在匯率行為中將扮演相當重要的角色。在匯率轉嫁議題中，若外（本）國廠商採取市場取價的比率愈高或外（本）國規模愈小，則匯率對本（外）國物價的轉嫁也愈小；於匯率動態的探討上，匯率會出現過度調整的現象，且當兩國廠商間的定價行為愈傾向本（外）幣本位制時，則匯率波動的幅度將會隨著本國規模的擴大而下降（上升）。
In order to compensate the lack of existing literature, we follow a modified version of Betts and Devereux (1996) model to examine how asymmetric pricing-to-market behavior affect exchange rate pass-through and it's adjustment dynamics within New Open economy Macroeconomics framework. We find that the country size will play an important role in the process of exchange rate adjustment if asymmetric pricing-to-market behavior exists. On the issue of exchange rate pass-through, our results show that the higher degree of pricing-to-market behavior and smaller size of foreign (home) country lead to a low exchange rate pass-through to domestic (home) price. For the topic study of exchange rate dynamics, we also get that exchange rate can generate overshooting behavior, and bigger size of home country will decrease (increase) exchange rate volatility in a word with a home (foreign) currency standard.
期刊論文
1.Gray, Malcolm R.、Turnovsky, Stephen J.(1979)。The Stability of Exchange Rate Dynamics under Perfect Myopic Foresight。International Economic Review，20(3)，643-660。  new window
2.Wilson, C. A.(1979)。Anticipated Shocks and Exchange Rate Dynamics。Journal of Political Economy，87，639-647。  new window
3.Aoki, Masanao(1985)。Misadjustment to Anticipated Shocks: An Example of Exchange-Rate Response。Journal of International Money and Finance，4(3)，415-420。  new window
4.Calvo, G. A.、Rodriguez, C. A.(1977)。A model of exchange rate determination under currency substitution and rational expectations。Journal of Political Economy，85，617-625。  new window
5.Devereux, M. B.、Engel, C.(2003)。Monetary Policy in the Open Economy Revisited: Price Setting and Exchange Rate Flexibility。Review of Economic Studies，70(4)，765-783。  new window
6.Devereux, Michael B.、Engel, Charles、Storgaard, Peter E.(2004)。Endogenous Exchange Rate Pass-through when Nominal Prices Are Set in Advance。Journal of International Economics，63(2)，263-291。  new window
7.Devereux, M.、Shi, K.、Xu, J.(2007)。Global monetary policy under a dollar standard。Journal of International Economics，71(1)，113-132。  new window
8.Feenstra, R. C.、Gagnon, J. E.、Knetter, M. M.(1996)。Market Share and Exchange Rate Pass-through in World Automobile Trade。Journal of International Economics，40(1/2)，187-207。  new window
9.Gagnon, J. E.、Knetter, M.(1995)。Mark-up Adjust and Exchange Rate Fluctuations: Evidence from Panel Data on Automobile Exports。Journal of International Money and Finance，14(2)，289-310。  new window
10.Liviatan, N.(1981)。Monetary Expansion and Real Exchange Rate Dynamics。Journal of Political Economy，89，1218-1227。  new window
11.Marston, R. C.(1990)。Pricing to Market in Japanese Manufacturing。Journal of International Economics，29，217-236。  new window
12.Obstfeld, M.、Rogoff, K.(2000)。New Directions for Stochastic Open Economy Models。Journal of International Economics，50(1)，117-153。  new window
13.Park, Woo Soon(1987)。Crawling Peg, Inflation Hedges and Exchange Rate Dynamics。Journal of International Economics，23，131-150。  new window
14.Tange, T.(1997)。Exchange Rates and Export Prices of Japanese Manufacturing。Journal of Policy Modeling，19(2)，195-206。  new window
15.Zhang, Y.(2006)。The Household Preference Structure and Pricing-to-Market in the New Open Economy Macroeconomics Models。International Review of Economics and Finance，15，505-524。  new window
16.Cooke, D.(2010)。Consumption home bias and exchange rate behavior。Journal of Macroeconomics，32(1)，415-425。  new window
17.Hau, H.(2000)。Exchange rate determination: the role of factor price rigidities and nontradables。Journal of International Economics，50(2)，421-447。  new window
18.Hoffmann, Mathias、Kempa, Bernd(2009)。A poole analysis in the New Open Economy Macroeconomic framework。Review of International Economics，17(5)，1074-1097。  new window
19.Chen, C. N.、Tsaur, T. W.、Liu, S. C.(1989)。Foreign Inflation, Currency Substitution, and Terms of Trade Dynamics。Journal of Political Economy，97，955-964。  new window
20.Betts, C.、Devereux, M. B.(2000)。Exchange Rate Dynamics in a Model of Pricing-to-Market。Journal of International Economics，50(1)，215-244。  new window
21.Obstfeld, M.、Rogoff, K.(1995)。Exchange Rate Dynamics Redux。Journal of Political Economy，103(3)，624-660。  new window
22.Fender, J.、Yip, K. C.(2000)。Tariffs and exchange rate dynamics redux。Journal of International Money and Finance，19，633-655。  new window
23.Hooper, P.、Mann, C. L.(1989)。Exchange Rate Pass-Through in the 1980s: The Case of U. S. Imports of Manufactures。Brooking Papers on Economic Activity，1，297-337。  new window
24.Lane, P. R.(1997)。Inflation in open economies。Journal of International Economics，42(3/4)，327-347。  new window
25.Dombusch, Rudiger(1987)。Exchange Rates and Prices。American Economic Review，77(1)，93-106。  new window
26.Lai, C. C. and Y. P. Chu(1986)。“Exchange Rate Dynamics under Dual Floating Exchange Rate Regimes.”。Southern Economic Journal，53,no.2，502-508。  new window
27.Betts, Caroline、Devereux, Michael B.(1996)。The Exchange Rate in a Model of Pricing-to Market。European Economic Review，40(3-5)，1007-1021。  new window
28.Bhandari, J. S.(1981)。Exchange Rate Overshooting Revisited。Manchester School，49，165-172。  new window
29.Chen, Chau-nan、Tsaur, Tien-wang(1983)。Currency Substitution and Foreign Inflation。Quarterly Journal of Economics，98(1)，177-184。  new window
30.Obstfeld, Maurice、Rogoff, Kenneth(2002)。Global implications of self-oriented national monetary rules。The Quarterly Journal of Economics，117(2)，503-535。  new window
31.Sutherland, A.(1996)。Financial market integration and macroeconomic volatility。Scandinavian Journal of Economics，98(4)，521-539。  new window
32.Dornbusch, Rudiger(1976)。Expectations and Exchange Rate Dynamics。Journal of Political Economy，84(6)，1161-1176。  new window
33.Levin, Jay H.(1994)。Fiscal Policy, Expectations, and Exchange-Rate Dynamics。Review of International Economics，2(1)，50-61。  new window
34.Calvo, Guillermo A.(1983)。Staggered prices in a utility-maximizing framework。Journal of Monetary Economics，12(3)，383-398。  new window
35.Frenkel, Jacob A.、Rodriguez, Carlos A.(1982)。Exchange Rate Dynamics and the Overshooting Hypothesis。IMF Staff Papers，29(1)，1-30。  new window
36.Menon, J.(1995)。Exchange Rate Pass-Through。Journal of Economic Surveys，9，197-231。  new window
37.Landry, Anthony(2009)。Expectations and Exchange Rate Dynamics: A State-Dependent Pricing Approach。Journal of International Economics，78(1)，60-71。  new window
38.Branson, W. H.(1977)。Asset market and relative prices in exchange rate determination。Sozialwwissenschaftliche Annalen，1，69-89。  new window
39.Shaked, M.(1984)。Extensions of the freund distribution with applications in reliability theory。Operations Research，32(4)，917-925。  new window
40.García-Cebro, J. A.、Varela-Santamaría, R.(2007)。Raw materials world price changes and exchange rates in a small open economy。Economics Letters，95，132-139。  new window
41.Kouri, P. J. K.(1976)。The exchange rate and the balance of payments in the short run and the long run: a monetary approach。Scandinavian Journal of Economics，78，255-275。  new window
42.Shi, K.、Xu, J.(2010)。Intermediate goods trade and exchange rate pass- through。Journal of Macroeconomics，32，571-583。  new window
43.Kim, Y.(1990)。Exchange rate and import prices in the United States: a varying-parameter estimation of exchange rate pass-through。Journal of Business and Economic Statistics，8，305-315。  new window
44.Johdo, W.(2010)。The effects of monetary policy under habit persistence: a two-country analysis。Journal of International and Global Economic Studies，2(2)，1-14。  new window
45.Mathieson, D. J.(1977)。The impact of monetary and fiscal policy under flexible exchange rates and alternative expectations structures。IMF Staff Papers，24，535-568。  new window
46.Rubinstein, R. Y.(1982)。Generating random vectors uniformly distributed inside and on the surface of different regions。European Journal of Operational Research，10(2)，205-209。  new window
47.Patureau, L.(2007)。Pricing-to-market, limited participation and exchange rate dynamics。Journal of Economic Dynamics & Control，31，3281-3320。  new window
48.Turnovsky, S. J.(1981)。The asset market approach to exchange rate determination: some short-run, stability, and steady-state properties。Journal of Macroeconomics，3，1-31。  new window
研究報告
1.Devereux, M.、Engel, C.(1998)。Fixed v.s. Flexible Exchange Rates: How Price Setting Affects the Optimal Choice of Exchange-Rate Regime。  new window
2.Kollmann, R.(1997)。The Exchange Rate in a Dynamic-Optimizing Current Account Model with Nominal Rigidities: A Quantitative Investigation。International Monetary Fund。  new window
3.Obstfeld, M.(2006)。Pricing-to-Market, the Interest-Rate Rule, and the Exchange Rate。  new window
4.Obstfeld, M.、Rogoff, K.(1998)。Risk and Exchange Rates。Woodrow Wilson School of Public and International Affairs。  new window
圖書
1.Duarte, M.、Rogoff, M.(2007)。Monetary Policy in the Open Economy Revisited: The Case for Exchange-Rate Flexibility Restored。Berkeley：Mimeo, Federal Reserve Bank of Richmond and University of California。  new window
圖書論文
1.Krugman, P. R.(1987)。Pricing to Market When the Exchange Rate Changes。Real-Financial Linkages among Open Economics。Cambridge, MA：The MIT Press。  new window
 
 
 
 
第一頁 上一頁 下一頁 最後一頁 top
QR Code
QRCODE

臺灣人文及社會科學引文索引資料庫

目前上線人數：996（臺灣：976，外國：20） ／ 本年度總使用人次：2196945 ／ 訪客人次（自102年09月）：68003554
國家圖書館著作權聲明 Copyright © 2013 All rights reserved.
本館地址: 100201臺北市中山南路20號． 本館地圖及交通資訊．
總機：(02)23619132．最佳瀏覽解析度為1024x768以上