试论欧元区汇率政策的内外部协调

A Trial Analysis on Internal & External Coordination of Exchange Rate Policy in Euro Zone

欧元区通过统一的汇率政策的执行和统一的欧洲金融市场的形成 ,使得欧元作为国际货币的作用逐渐增强 ,同时 ,其汇率政策对其伙伴国也带来了越来越大的溢出效应。因此 ,欧洲中央银行愈发重视欧元区内外部汇率政策的协调。不过 ,这种汇率政策的内、外部协调 ,既带有一定的正面效应 ,也带有一定的负面效应。

The execution of uniform exchange rate policies and formation of uniform European financial market in Euro zone has made the role of Euro as international currency increasingly reinforced and meanwhile their exchange rate policies have brought bigger and bigger overflow effect to the partner countries. Therefore, the European central bank thinks increasingly much of internal and external coordination of exchange rate policies in Euro zone. However, this coordination has not only brought stated positive effect, but negative effect.