| 利率汇率传导机制研究:理论模型及实证检验 |
| |
| 引用本文： | 何慧刚. 利率汇率传导机制研究:理论模型及实证检验[J]. 湖北经济学院学报, 2007, 5(2): 40-46 |
| |
| 作者姓名： | 何慧刚 |
| |
| 作者单位： | 复旦大学,金融研究院,上海,200433 |
| |
| 基金项目： | 中国博士后科学基金 , 湖北省科学研究计划项目 , 湖北省人文社会科学基金 |
| |
| 摘 要： | 利率和汇率是货币市场和外汇市场的调节工具和货币政策的主要手段.在资本自由流动和货币自由兑换下, 货币市场和外汇市场相互作用、相互影响,利率汇率之间存在灵活有效的传导机制.宏观调控政策的有效性不仅取决于利率或汇率变动,更取决于利率汇率传导机制的效率.在中国资本控制逐步放松和资本账户渐进开放进程中,加强利率汇率传导机制是实现我国内外经济均衡的重要途径.
|
| 关 键 词： | 利率汇率传导机制 资本账户开放 利率汇率市场化 内外均衡 |
| 文章编号： | 24272764 |
| 修稿时间： | 2007-02-08 |
China's Interest Rate and Exchange Rate Transmission Mechanism: Theoretical Models and Empirical Evidence |
| |
| HE Hui-gang. China's Interest Rate and Exchange Rate Transmission Mechanism: Theoretical Models and Empirical Evidence[J]. Journal of Hubei University of Economics, 2007, 5(2): 40-46 |
| |
| Authors: | HE Hui-gang |
| |
| Affiliation: | Institute for Financial Studies, Fudan University , Shanghai 200433, China |
| |
| Abstract: | Interest rate and exchange rate are the two main adjusting instruments on the money market and foreign exchange market,and also the main means of monetary policy.Under the condition of capital mobility and currency convertibility,money market and foreign exchange market interact with each other.The transmission mechanism between interest rate and exchange rate is flexible and effective.The effectiveness of macroeconomic policies depends not only on the fluctuation of interest rate and exchange rate,but also on that of interest rate and exchange rate transmission mechanism.With the gradual relaxation of the capital control and liberalization of the capital account in China,it is an important way to achieve the internal and external economic equilibrium by strengthening interest rate and exchange rate transmission mechanism. |
| |
| Keywords: | interest rate and exchange rate transmission mechanism capital account liberalization interest rate and exchange rate marketization internal and external equilibrium |
| 本文献已被 CNKI 维普 万方数据 等数据库收录！ |
|
