摘要
在金融深化背景下,人民币汇率制度必将朝着富有弹性的方向发展。不少学者提出汇率目标区是人民币汇率制度中期变革的可行选择。本文分析了汇率目标区基本模型存在的缺陷,在此基础上提出以均衡分析为基础确定汇率目标区浮动区间的基本思路。
The RMB exchange rate system will be of more flexibility due to further financial reform in China. Many a scholar proposes the exchange rate target area should be a feasible choice of the mid-term RMB exchange rate system reform. The author discusses the defects of the existing primary model of exchange rate target area and puts forward a way to decide the exchange rate target area fluctuation based on equilibrium analysis.
出处
《运筹与管理》
CSCD
2005年第1期105-109,共5页
Operations Research and Management Science
关键词
汇率目标区
均衡汇率
弹性价格
粘性价格
浮动区间
exchange rate target area
equilibrium exchange rate
flexible price
sticky price
fluctuation area
