English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 94586/125118 (76%)
Visitors : 30474551      Online Users : 348
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/140.119/68870


    Title: 外匯干預與資本管制之理論研究與實證分析
    Other Titles: Exchange Market Intervention and Capital Mobility Control
    Authors: 朱美麗
    Contributors: 經濟學系
    Keywords: 外匯干預;匯率;資本管制
    Exchange market intervention;Exchange rate;Capital mobility control
    Date: 1997
    Issue Date: 2014-08-19 09:00:58 (UTC+8)
    Abstract: 本文從存、流量互動的觀點,建立一資本管制且涵蓋央行外匯干預的資產選擇模型,探討匯率與政策變數的均衡關係與資本管制放寬的影響,以及央行外匯干預的可能影響;並且利用台灣的資料,以共整合分析從事實證的研究。本文主要論點有二:(1)理論分析發現本國信用與債券對匯率的影響方向為正;此外,資本管制程度變小,本國信用對匯率的影響力變大,但債券發行量對匯率的影響則不一定,與央行外匯干預幅度的大小有關。(2)實證研究的結果顯示,台灣在1985年9月至1996年9月這一段期間,本國通貨與債券發行量對匯率的影響為正,而此種政策效果,在台灣逐漸解除資本管制的措施後,本國信用擴張的影響增強,但本國債券的影響則減弱,顯示央行為避免匯率的過度波動,仍從事相當程度的外匯干預。
    This paper constructs a portfolio model with central bank's intervention to study the effects of the deregulation of capital control on the exchange rate determination and the policies' influence. In addition, the role of foreign intervention in the process of financial liberalization is reviewed. Main conclusions are: theoretically, the effects of domestic credit expansion and the increase of bonds on exchange rates are positive; the increasing capital mobility strengthens the effects of monetary expansion while such change may increase or decrease the effects of bond expansion depending on the behavior of foreign intervention. Second, the empirical evidence shows that during the period from September 1985 to September 1996, the case of Taiwan is quite consistent with theoretical investigation. However, the decreasing influence from bond expansion indicates that our central bank's intervention in the foreign exchange market is quite substantial.
    Relation: 行政院國家科學委員會
    計畫編號NSC86-2415-H004-013
    Data Type: report
    Appears in Collections:[經濟學系] 國科會研究計畫

    Files in This Item:

    File Description SizeFormat
    index.html0KbHTML751View/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