外汇市场压力问题的研究综述

A Summary of Latest Researches on Exchange Market Pressure

本文从外汇市场压力的测度、外汇市场压力与货币政策、外汇市场压力与货币危机的识别与测度以及外汇市场压力与汇率制度四个方面总结了国外研究者对此的最新研究成果,从中我们发现外汇市场压力对于一国经济有着重要的影响,特别是在当前通胀预期下,外汇市场压力与我国资产价格波动和货币政策之间的相互作用过程值得我们去进一步研究。

In this paper, we summarize foreign scholars＇ latest research results on exchange market pressures （EMP） in four aspects, such as the measure of EMP, EMP and monetary policy, the identification and measure of EMP and currency crisis, EMP and exchange rate regime. From the results above, we found that EMP was very import for a country＇s economy, especially under current inflation expectation. The interacting between EMP and monetary policy, or EMP and the fluctuation of asset prices is worth studying.