The action of China\'s interest rate policy shows that the independence of interest rate policy is won by the effectiveness losses under the pegged exchange rate.
中國利率政策的行為表明,釘住匯率下的獨立性是以利率政策的有效性損失為代價。
This paper argues that, the moral hazard, which is an endogenous element in the pegged exchange rate system, caused the fragility of Asian financial system, meanwhile the fragile financial system, or the huge amount of the short-term foreign debt caused the collapse of pegged exchange rate system when facing the assault of international speculators.
本文認為 ,內(nèi)生于釘住匯率制度的道德風(fēng)險是造成東南亞國家金融體系脆弱的主要原因 ,而脆弱的金融體系、大量的短期外匯負債又會在國際資本的沖擊下最終導(dǎo)致釘住匯率制度的崩潰。
adjustable peg [foreign exchange]
可調(diào)整釘住匯率[外匯]
Pegged Exchange Rate System
固定匯率制度/釘住匯率制度
Under the Pegged Exchange Rate the Plight of China's Interest Rate Policy
釘住匯率下中國利率政策的困境:理論與經(jīng)驗
Research on East Asia's Pegging Regimes under Post Bretton Woods System;
后布雷頓森林體系下東亞釘住匯率制度研究
Pegged Exchange Rate System in East Asia and Outward-Looking Economic Development;
東亞地區(qū)釘住匯率制度與外向型經(jīng)濟發(fā)展
Research on the Chinese Practice of Exiting Form Pegged Exchange Rate in the Reference of International Experience;
從退出釘住匯率制的國際經(jīng)驗看中國退出實踐
Research on the Duration of Pegging Exchange Rate Regime in East Asia;
東亞國家釘住匯率制度的可持續(xù)性研究
An Analysis of the New Theories on the Developing Countries Preference for Pegging Regimes;
發(fā)展中國家偏好釘住匯率制度的新理論分析
Assessing the Pegged Exchange Rates from Argentina s Financial Crisis;
從阿根廷金融危機分析“釘住匯率制”的利弊
The Conditions for a Peg Being Sustainable with International Capital Mobility: Asset Market Analysis;
國際資本流動下釘住匯率可維持的充要條件:資產(chǎn)市場分析
External Shocks and the Collapse of the Pegged Exchange Rate Regime;
資本賬戶和經(jīng)常賬戶負面沖擊與釘住匯率制度危機的理論分析
During the Asia financial crisis period,they gave up this system and adopted floating exchange rate system.
在危機期間,大部分國家(地區(qū))都放棄了釘住匯率制,采取了浮動匯率制度。
A pegged exchange rate also cramped the RBI's room to raise interest rates, because that would attract yet more capital.
印度儲備銀行RBI的釘住匯率制度也束縛了其上調(diào)利率的空間，因為上調(diào)利率會吸引更多資金。
The Regime of Pegging a Basket of Currencies and Its Adoption in China;
“釘住一籃子貨幣”匯率制度的理論與實踐
The Research of Pegging Currency Basket Exchange Rate Regime of RMB
釘住貨幣籃子匯率制度在中國應(yīng)用的研究
Analysis on the Issue of the RMB Adopting the "BBC" (Basket, Band and Crawl) Rules;
人民幣匯率采用爬行波幅釘住貨幣籃子制度的可行性分析
Why China Should Keep its Exchange Rate Pegged to the Dollar:A Historical Perspective from Japan;
為什么中國的匯率要釘住美元:基于日元的歷史分析
The dollar“ peg” has forced China to adopt an excessively lax monetary policy.
由于中國目前奉行“釘住美圓”的匯率制度，其不得不采納一種相當(dāng)松弛的貨幣政策。