摘要
根据我国的经济运行要求，人民币汇率必须分两个阶段来设计计量模型：（１）从目前到经常项目人民币自由兑换之前，采用经常项目与政策变量相结合的汇率模型；（２）从经常项目人民币自由兑换到资本项目完全自由兑换，采用资本市场开放模型。
Abstract The economic operation in our country demands that designation of the RMB exchange rate follow two stages. The first stage is from the present to the time when RMB can be exchanged freely for regular projcets. During this period of time the exchange rate model is of a combination of regular exchange plus policy variables. The second stage refers to a transition from free exchange of regular projects to completely free cxchange of capital in a model of an open market of capital. Decisive aspects and parameters for the exchange rate at each stage demonstrate sharp differences.
出处
《中国人民大学学报》
CSSCI
北大核心
1996年第6期24-29,共6页
Journal of Renmin University of China
