汇率制度选择问题的理论之争及评析

Theoretical Disputes and Comments on The Choice of Exchange Rate Regime

汇率制度的选择是国际金融领域的重要理论问题。在对"固定"与"浮动"、"两极"与"中间"两种汇率制度选择理论上的争论进行评述的基础上,本文认为,汇率制度的选择是一个受多种因素影响的动态体系,汇率制度选择是一国具体情况的相机抉择,任何一种汇率制度都不可能适合于所有国家和一个国家的所有时期。

The choice of exchange rate regime is an important question in international finance field. After narrating two theoretical disputes-'fixed & floating';'two poles & intermediate', the author reaches some conclusions: the choice of exchange rate regime is a dynamic system influenced by many factors, it is at the discretion of concrete conditions for a country. No single currency regime is right for all countries and at all times.