如何由固定汇率制向灵活汇率制有序转变
How to Change from the Flexible Exchange Rate System to the Regular Exchange Rate System
摘要
从国际经验看,实行固定汇率制的国家若欲“有序”、成功地转向灵活汇率制,则其必须满足三个条件:一个具有流动性的、有效的外汇市场;有节制的、适当的外汇市场干预;一种替代性的“名义锚”与货币政策框架。若一国尚未完全具备上述条件,则采取渐进的方式转向灵活汇率制是合理的。此外,一般而言,先于资本项目自由化适当引入汇率灵活性能使一国面临较小的风险。
出处
《金融教学与研究》
2005年第3期2-5,共4页
Finance Teaching and Research
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