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題名:通貨替代與通貨危機
書刊名:經濟與管理論叢
作者:孫鈺峰曹添旺 引用關係
作者(外文):Sun, Yu-FongTsaur, Tien-Wang
出版日期:2007
卷期:3:2
頁次:頁177-199
主題關鍵詞:通貨替代通貨危機Currency substitutionCurrency crises
原始連結:連回原系統網址new window
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  • 共同引用共同引用:17
  • 點閱點閱:251
本文探討匯率制度崩潰的時點和國內外通貨在交易媒介功能上替代程度的關係。我們根據Chen et al. (1981)、曹添旺 (1987) 及張文雅等 (1991) 所強調通貨能提供流動性勞務,降低交易成本的功能,將本國通貨和外國通貨放入模型內,建立一個以交易功能為基礎的貨幣模型。研究的結果發現:(1) 不論是通貨替代、通貨互補或是通貨獨立的環境下,實際發生匯率制度崩潰的時間早於自然崩潰的時間。(2) 制度崩潰的時點由通貨替代或是通貨互補的程度決定,通貨替代性越是極端 (例如:完全互補或完全替代) 將使通貨危機越早發生,而通貨替代關係越低將使通貨危機發生時間延後。本文也探討由固定匯率制度崩潰到爬行釘住匯率制度,再由爬行釘住匯率制度崩潰到浮動匯率制度的動態過程。結果發現:當固定匯率轉換到爬行釘住匯率時,所產生的外匯存底的流失的額度將會是決定爬行釘住匯率制度是否能夠執行的關鍵。
期刊論文
1.Agenor, Pierre-Richard、Bhandari, Jagdeep S.、Flood, Robert P.(1992)。Speculative Attacks and Models of Balance of Payments Crises。International Monetary Fund Staff Papers,39(2),357-394。  new window
2.Blackburn, K.(1988)。Collapsing Exchange Rate Regimes and Exchange Rate Dynamics: Some Further Examples。Journal of International Money and Finance,7,373-385。  new window
3.Blackburn, K.、Sola, M.(1993)。Speculative Currency Attacks and Balance of Payments Crises。Journal of Economic Surveys,7,119-144。  new window
4.Chen, C. N.、Tsaur, T. W.、Chou, C. F.(1981)。Gross Substitution, Greasham’s Hayek’s Free Currency System。Journal of Macroeconomics,3,547-557。  new window
5.Connolly, M. B.、Taylor, D.(1984)。The Exact Timing of the Collapse of an Exchange Rate Regime and Its Impact on the Relative Price of Traded Goods。Journal of Money, Credit, and Banking,16,194-207。  new window
6.Daniels, J. P.、VanHoose, D. D.(2003)。Currency Substitution, Seigniorage, and Currency Crises in Interdependent Economies。Journal of Economics and Business,55,221-232。  new window
7.Dombusch, D.、Frenkel, J. A.(1973)。Inflation and Growth。Journal of Money, Credit, and Banking,5,141-156。  new window
8.Girton, L.、Roper, D. E.(1981)。Theory and Implications of Currency Substitution。Journal of Money, Credit, and Banking,13,12-30。  new window
9.Grilli, Vittorio U.(1986)。Buying and Selling Attacks on Fixed Exchange Rate Systems。Journal of International Economics,20,143-156。  new window
10.Ize, A.、Yeyati, E. L.(2003)。Financial Dollarization。Journal of International Economics,59,323-347。  new window
11.Miles, M. A.(1981)。Currency Substitution: Some Further Results and Conclusions。Southern Economic Journal,48,208-217。  new window
12.Savastano, M. A.(1992)。Collapse of a Crawling Peg Regime in the Presence of a Government Budget Constraint。International Monetary Fund Staff Papers,39(1),79-100。  new window
13.Uribe, M.(1999)。Comparing the Welfare Costs and Initial Dynamics of Alternative Inflation Stabilization Policies。Journal of Development Economics,59,295-318。  new window
14.Willman, Aplo(1988)。Balance-of-Payments Crises and Monetary Policy Reactions in a Model with Imperfect Substitutability between Domestic and Foreign Bonds。Economics Letters,26(1),77-81。  new window
15.張文雅、賴景昌、曹添旺(19910300)。通貨替代與國外干擾--雙元匯率與浮動匯率的比較。經濟論文叢刊,19(1),73-86。new window  延伸查詢new window
16.蕭明福(20051200)。通貨替代與貨幣內生成長。經濟論文,33(4),505-535。new window  延伸查詢new window
17.Miles, M. A.(1978)。Currency Substitution, Flexible Exchange Rates, and Monetary Independence。American Economic Review,68,428-436。  new window
18.Chen, Chau-nan(1973)。Diversified Currency Holdings and Flexible Exchange Rates。Quarterly Journal of Economics,87(1),96-111。  new window
19.Chen, Chau-nan、Tsaur, Tien-wang(1983)。Currency Substitution and Foreign Inflation。Quarterly Journal of Economics,98(1),177-184。  new window
20.曹添旺、黃俊傑(20050600)。通貨替代、貿易彈性與實質匯率動態。經濟論文,33(2),173-200。new window  延伸查詢new window
21.McKinnon, R. I.(1982)。Currency Substitution and Instability in the World Dollar Standard。The American Economic Review,72(3),320-333。  new window
22.Flood, R. P.、Garber, P. M.(1984)。Collapsing Exchange Rate Regimes: Some Linear Examples。Journal of International Economics,17(1/2),1-13。  new window
23.曹添旺(19870600)。通貨替代、通貨膨脹、滙率調整與貨幣中立性。經濟論文叢刊,15(2),367-398。new window  延伸查詢new window
研究報告
1.Herrera, L. O.、Valdes, R. O.(2004)。Indexation and Nominalization: The Chilean Experience。  new window
圖書
1.Gartner, M.(1993)。Macroeconomics under Flexible Exchange Rates。Simon and Schuster International, Harvester Wheatsheaf。  new window
2.賴景昌(1994)。國際金融理論:進階篇。茂昌出版社。  延伸查詢new window
 
 
 
 
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