基于国际收支平衡的汇率机制模型

Model of Exchange Rate Mechanism Based on the Balance of International Payments

基于汇率决定学说中的国际收支平衡学说 ,遵循国内和国际商品生产最大获利原则 ,构建了价格、边际生产成本、央行在外汇市场上的外汇买卖与汇率变动之间的汇率机制模型 .借助于模型 ,分析在浮动和固定汇率机制下 ,如何保持国际收支平衡和避免汇率振荡 。

This article established a model between the price, the marginal production cost, the exchange money volume of foreign money market by national bank and the exchange rate's alteration, which is based on the principle of maximum profit of national and international commodity production and the theory of the balance of international payments. Moreover, by the model, it analyzed how to maintain the balance of international payments, and to avoid the exchange rate's vibration under the float or fixed exchange rate mechanism. Finally, some inspiration about exchange rate mechanism of RMB was discussed.