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題名:雙元浮動匯率、物價瞬時調整與匯率的錯向調整
書刊名:經濟論文
作者:廖培賢 引用關係
作者(外文):Liaw, Peir-shyan
出版日期:1998
卷期:26:2
頁次:頁189-217
主題關鍵詞:錯向調整調整不及調整過度全面不安定貨幣需求的利率彈性MisadjustmentUndershootingOvershootingGlobal instabilityThe interest rate elasticity of money demand
原始連結:連回原系統網址new window
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  • 被引用次數被引用次數:期刊(7) 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:17
  • 點閱點閱:32
     本文以 Lai and Chu ( 1986 )的理論架構為基礎,予以修改成完全預知模型。 討論的重點與研究主題為:在一個實施雙元浮動匯率制度的國家,本國民眾面對產出供給下 降的外生干擾,於經濟系具有全面不安定的特質時,相關經濟變數的動態調整路徑。結果發 現: 第一:若貨幣需求的利率彈性小於 1 時, 則金融匯率會有錯向調整、調整不及或調整過度 的現象出現。 第二:若貨幣需求的利率彈性大於 1 時,則金融匯率只有調整不及的反應發生。
     This paper extends the Lai's and Chu's (1986) model to a perfect foresight model. The main problem discussed is that where, in a country that adopts a dual floating exchange rate system and the local people are faced with external disturbances that lower domestic output supply, if the global economy is characterized by instability, what will be the effect of these disturbances on the possible adjustment paths of financial exchange rates? The major finding is that, if the interest rate elasticity of money demand is less than unity, there may be exchange rate misadjustment, characterized by either undershooting or overshooting. On the other hand, if the interest rate elasticity of money demand is greater than unity, then the financial exchange rates will be characterized by undershooting only.
期刊論文
1.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
2.陳師孟、蔡雪芳(19880300)。完全預期下之政策跨時搭配與滙率動態。經濟論文叢刊,16(1),1-23。new window  延伸查詢new window
3.賴景昌、張文雅(19901100)。預料到的干擾與錯向調整: 幾何圖形的分析。人文及社會科學集刊,3(1),107-123。new window  延伸查詢new window
4.Bhandari, J. S.(1981)。Exchange Rate Overshooting Revisited。Manchester School,49,165-172。  new window
5.Chang, W. Y.、Lai, C. C.(1997)。Election Outcomes and the Stockmarket: Further Result。European Journal of Political Economy,13(1),143-155。  new window
6.Kouri, Pentti J. K.(1976)。The Exchange Rate and the Balance of Payments in the Short Run and in the Long Run: A Monetary Approach。Scandinavian Journal of Economics,78(2),280-304。  new window
7.Dornbusch, Rudiger(1976)。Expectations and Exchange Rate Dynamics。Journal of Political Economy,84(6),1161-1176。  new window
8.Frenkel, Jacob A.、Rodriguez, Carlos A.(1982)。Exchange Rate Dynamics and the Overshooting Hypothesis。IMF Staff Papers,29(1),1-30。  new window
9.Branson, W. H.(1977)。Asset Markets and Relative Prices in Exchange Rate Determination。Sozialwwissenschaftliche Annalen,1,68-89。  new window
10.Turnovsky, S. J.(1981)。The Effect of Devaluation and Foreign Price Disturbances under Rational Expectations。Journal of International Economics,11,33-60。  new window
11.Tobin, J.(1978)。A Proposal for International Monetary Reform。Eastern Economic Journal,4(3/4),153-159。  new window
12.Sinn, H. W.(1983)。International Capital Movements, Flexible Exchange Rates, and the IS-LM Model: A Comparison Between the Portfolio-Balance and the Flow Hypothesis。Weltwirtschaftliches Archiv,119,36-63。  new window
13.Obstfeld, M.(1982)。The Capitalization of Income Streams and the Effects of Open-Market Policy under Fixed Exchange Rates。Journal of Monetary Economics,9,87-98。  new window
14.Marion, N. P.(1981)。Insulation Properties of a Two-Tire Exchange Markets in a Portfolio Model。Economica,48,61-70。  new window
15.Lanyi, A.(1975)。Separate Exchange Markets for Capital and Current Transactions。IMF Staff Papers,22,714-749。  new window
16.張文雅、朱雲鵬、賴景昌(1989)。Exchange Rate Dynamics under Dual Exchange Rates: The Case of Neutral Intervention Policy。Manchester School,57,235-247。  new window
17.朱雲鵬、賴景昌(1986)。Exchange Rates Dynamics under Dual Floating Exchange Rate Regimes。Southern Economic Journal,53,502-508。  new window
18.張文雅、賴景昌(1990)。Exchange Regime Switch with Alternative Price Adjustment Patterns。Rivista Internazionale di Scienze Economiche e Commerciali,37,945-958。  new window
19.張文雅、賴景昌(1990)。The Long-Run Effects of Alternative Monetary Policies under Two-Tier Exchange Rates。Economics Letters,32(2),163-167。  new window
20.張文雅、賴景昌(1990)。Perfect Foresight, Money Demand Elasticities, and Exchange-Rate Dynamics: An Analysis of the Two-Tier Float Regime。Australian Economic Papers,29(54),21-29。  new window
21.張文雅、賴景昌(1987)。Dynamic Stability under a Dual Exchange Rate Regime with Neutral Intervention Operations。Economics Letters,25,67-70。  new window
22.賴景昌(1990)。Exchange Rate Determination under Flexible and Two-Tier Exchange Rate Regimes。Eastern Economic Journal,16,115-123。  new window
23.Haaparanta, P.(1988)。Dual Exchange Markets and Intervention。The Canadian Journal of Economics=Revue canadienne d'Economique,21,814-825。  new window
24.Driskill, R.(1976)。Exchange Rate Overshooting, The Trade Balance, and Rational Expectations。Journal of International Economics,11,361-377。  new window
25.Frenkel, J. A.、Driskill, R.、Bhandari, J. S.(1984)。Capital Mobility and Exchange Rate Overshooting。European Economic Review,24,309-320。  new window
26.Aoki, M.(1986)。Effects of Anticipated Real Supply Shocks and Coordinated Monetary Accommodation。Economics Studies Quarterly,37,134-150。  new window
27.林秀芬、賴景昌(1995)。政策宣示與國外干擾:兩國模型的探討。基層金融,30,1-31。  延伸查詢new window
28.張文雅、賴景昌(1994)。Anticipated Shocks and the Acceleration Hypothesis: the Implication of Wage Indexation。Southern Economic Journal,61(2),453-464。  new window
研究報告
1.Tsai, H. F.、賴景昌、張文雅(1993)。Another Look on Misadjustment to Anticipated Shocks。Taipei:Academia Sinia, Sun Yat-Sen Institute for Social Sciences and Philosophy。  new window
2.張文雅、賴景昌(1989)。Sterilization Operations, Portfolio Balance, and Dynamics Adjustment under Two-Tier Exchange Rates。Taipei。  new window
圖書
1.Romer, David(1996)。Advanced Macroeconomics。New York, NY:McGraw-Hill Company。  new window
2.Gandolfo, G.(1980)。Economic Dynamics: Methods and Models。Amsterdam:North-Holland。  new window
3.賴景昌(1993)。國際金融理論--基礎篇。茂昌書局。  延伸查詢new window
4.賴景昌(1994)。國際金融理論。臺北:茂昌圖書有限公司。  延伸查詢new window
5.Mankiw, N. G.(2000)。Macroeconomics。New York:Worth Publishers。  new window
6.Larrain, F.、Sachs, J. D.(1993)。Macroeconomics in the Global Economy。Macroeconomics in the Global Economy。沒有紀錄。  new window
7.Delorme, C. D.、Jansen, E. W.、Ekelund, R. B.(1994)。Intermediate Macroeconomics。Intermediate Macroeconomics。沒有紀錄。  new window
8.Argy, V.(1981)。The Post-War International Monetary Crisis - An Analysis。The Post-War International Monetary Crisis - An Analysis。London, UK。  new window
其他
1.廖培賢(1996)。雙元浮動匯率、政策跨時搭配與匯率動態調整,0。  延伸查詢new window
 
 
 
 
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