我国外汇干预信号渠道的有效性——基于VAR模型的实证研究被引量：1

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摘要本文采用1999年7月—2010年12月我国外汇干预的相关数据分析了我国外汇干预信号渠道的有效性。实证结果显示:外汇干预对货币供应量、基础货币的影响显著,外汇干预可以发出将来货币政策的信号,从而影响外汇市场私人参与者的预期,私人参与者将会改变在外汇市场上的行为进而影响汇率。

作者陈萍

机构地区中国人民银行厦门市中心支行

出处《当代经济》 2012年第11期125-129,共5页 Contemporary Economics

关键词外汇干预信号渠道 VAR

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