摘要
在经济虚拟化程度很高的现代市场经济中,物质的生产与流通需要价值关系来体现,价值关系是协调整个市场经济系统能否正常运转的关键。汇率涉及两个或多个国家的价值系统的关系,是各国之间对虚拟资产的价格与实体经济实物的价格的比率,在货币与经济虚拟化之后,传统的汇率理论的解释力已显不足,通过对古典贸易理论的国际收支均衡、比较贸易优势理论、蒙代尔-弗莱明模型、资产组合平衡模型和货币分析法模型的简单评述,可看出其在经济虚拟化条件下,国际资本大规模流动造成了传统理论对解释现实的汇率运行及开放经济均衡的局限性。
With the economic virtualization, value system becomes the key to the whole market economy and the material production and circulation. Exchange rates, price ratios of virtual assets and real goods, are the relationship among the value systems of two or more countries. Traditional exchange rate theories are found to be weaker. By reviewing classical trade theory, comparative advantage theory, Mundell-Fleming model, assets portfolio balance model and money analysis, this paper shows that it is the international capital flows that weaken the traditional theories under the economic virtualization.
出处
《经济理论与经济管理》
CSSCI
北大核心
2005年第1期24-30,共7页
Economic Theory and Business Management
基金
教育部重点项目(02JAZJD810005)"现代信用经济与虚拟经济"
关键词
经济虚拟化
汇率
资本流动
价值系统
economic virtualization
exchange rate
capital flow
value system