English  |  正體中文  |  简体中文  |  Post-Print筆數 : 11 |  Items with full text/Total items : 89685/119491 (75%)
Visitors : 23936546      Online Users : 142
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/65136


    Title: 國際匯率承諾與貨幣政策自主性:從廣場協議至羅浮宮協議
    Other Titles: The Exchange Rate Commitments and Monetary Policy Autonomy: From the Plaza to the Louvre
    Authors: 蔡增家
    Tsai, Tzeng-Jia
    Contributors: 政大政治系
    Keywords: 布列登森森體系;國際經濟政策協調;隔離及徵候處理;第二意象轉換;廣場協議;羅浮宮協議
    Bretton Woods System;international economic policy coordination;insulation and symptom management;second image reversed
    Date: 2000-09
    Issue Date: 2014-04-01 17:20:53 (UTC+8)
    Abstract: 隨著一九七三年布列登森林體系瓦解之後,國際經濟政策協調便成為工業國之間協商匯率及貨幣政策走向的最主要方式,過去的研究認為若是國內貨幣政策受到國際經濟政策的影響越小,則這種協商就越能達到效果,這種觀點逐漸發展出Michael Webb所謂「隔離及徵候處理」(insulation and symptom management)的概念,但是在資本自由化之後,國內貨幣政策若要完全隔絕於國際匯率的波動已經是越來越困難了。本文主要論點認為其實國際經濟政策協調是否能夠奏效並不在於國內貨幣政策「隔離」(insulation)的程度,而在於國內政經制度是否能夠有效的調適(adaptation),在本篇文章中我將利用Peter Gourevitch的「第二意象轉換」(second image reversed)中「由外而內」(out-inside)的概念連結國際層次與國內層次的互動關係,也就是國家在國際匯率政策協商有了具體承諾之後,國內政經制度要如何去調適。本文結論發現國際經濟政策協調之後其調適的貨幣政策通常是以國家的經濟成長與政權穩定為主要考量,而它們通常扭曲國家的產業結構與貨幣政策,這種扭曲性的經濟政策是造成九0年代金融危機最重要因素。本文將以美國、日本與德國在一九八五年廣場協議(Plaza Accord)至一九八七年羅浮宮協議(Louvre Accord)期間所進行匯率政策的協商,以及比較日本與德國在一九八五年之後貨幣政策的轉變為例來驗證理論假設。
    Following the breakdown of the Bretton Woods System in 1973, International Economic Policy Coordination (IEPC) has become one of the major tools employed by industrial countries to work out agreements on exchange rate and monetary policies. Past research seems to indicate that effective IEPC often yields minimal impact upon a country’s domestic monetary policy. This perspective gradually evolves into the concept which Michael Webb calls “Insulation and Symptom Management.”Following the lifting of regulations that allow higher mobility of capital, however, it has become harder to keep the effects of fluctuations in the exchange rate from affecting domestic monetary policies. The main purpose of this thesis is to put forth the view that the effectiveness of IEPC does not rely on the degree of insulation of the domestic monetary policy; but rather relies upon the degree of adaptation demonstrated by the domestic political and economic structures. This paper uses the concept of the “Second Image Reversed,” as proposed by Peter Gourevitch, to explore the relations between activities that occur on the international level with those that occur on the domestic level. This paper seeks to answer how a given country’s domestic political and economic structures will adjust after it has reached specific agreements via IEPC. This paper concludes that even after agreements have been reached in the IEPC, the final adjusted monetary policy the nation adopts still is primarily based on such factors as the country’s interest in economic growth and its stability in the political arena. Such policies ultimately contort the nation’s industrial structure as well as the resulting monetary policy, and are seen as the major causes of the financial crisis, which ripped through the globe during the 90’s. This paper traces the progress of exchange rate negotiations between the US, Japan, and Germany from the Plaza Accord in 1985 until the establishment of Louvre Accord in 1987. Changes in the monetary policies of Japan and Germany after 1985 are used as evidence to illustrate the hypothesis.
    Relation: 問題與研究, 39(9), 49-72
    Data Type: article
    Appears in Collections:[問題與研究 TSSCI] 期刊論文

    Files in This Item:

    File Description SizeFormat
    49-72.pdf1838KbAdobe PDF713View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告
    1.本網站之數位內容為國立政治大學所收錄之機構典藏,無償提供學術研究與公眾教育等公益性使用,惟仍請適度,合理使用本網站之內容,以尊重著作權人之權益。商業上之利用,則請先取得著作權人之授權。
    2.本網站之製作,已盡力防止侵害著作權人之權益,如仍發現本網站之數位內容有侵害著作權人權益情事者,請權利人通知本網站維護人員(nccur@nccu.edu.tw),維護人員將立即採取移除該數位著作等補救措施。
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback