汇率制度与资本跨国流动管理的协调——基于政府损失最小化角度的分析

Collocations of Exchange rate system and management style of capital flow--Analysis from angle of the minimization of the loss of government

汇率制度和资本跨国流动管理方式是开放经济国家面临的两个重要选择。汇率制度与资本跨国流动管理方式的不同搭配会对产出和物价水平的波动(政府利益)产生不同的影响。从政府损失最小化角度考虑,不管政府选择怎样的汇率制度,都应该让资本项目开放。

The exchange rate system and the management of the transnational capital flow are two important choices which the open economy country faces. Different collocations of Exchange rate system and management style of capital flow will exert fluctuation of level of output and price （government benefit） a different influence. To minimize the government loss, no matter what kind of system of exchange rate the government chooses, should let the item of the capital be open.