摘要
随着我国金融业开放的不断深入,人民币国际化进程逐步推进,人民币利率汇率之间的互动关系也从无到有,从弱到强。本文从利率汇率的互动机理入手,分析了经常项目、资本项目、资产转换三条途径传导下的利率汇率互动,并在此基础上引用有关变量的月度数据进行分段实证,反映出人民币利率汇率互动关系的动态演进过程。
With the deepening of the openning of China＇s financial industry,the internationalization of RMB is advancing unceasingly,and the interaction between RMB exchange rate and interest rate is alsostrengthening gradually.Based on the general analysisof interaction mechanism between exchange rate and interest rate,the paper has study on the interaction between the aboved piecewise segmented and empirically,with the monthly data of relevant variables,to reflectthe dynamic evolution process of the interactive relationship between RMB exchange rate and interest rate.
出处
《特区经济》
北大核心
2010年第7期80-81,共2页
Special Zone Economy
关键词
利率
汇率
互动关系
动态演进
exchange rate
interest rate
interactive relationship
dynamic evolution process
