English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 110182/141115 (78%)
Visitors : 46628052      Online Users : 1116
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: https://nccur.lib.nccu.edu.tw/handle/140.119/69181


    Title: 開放信用市場的CC-LM-BP模型:浮動匯率體制
    CC-LM-BP Model in the Floating Exchange Rate
    Authors: 陳永錚
    Contributors: 林柏生
    Lin, Bo Sheng
    陳永錚
    Keywords: 信用市場
    浮動匯率
    Date: 2013
    Issue Date: 2014-08-25 15:14:00 (UTC+8)
    Abstract: 本篇論文嘗試結合傳統IS-LM-BP以及CC-LM模型,採用Spiegel開放模型的設定,將IS-LM-BP延伸到開放體系,成為開放信用市場的CC-LM-BP模型,並且研究匯率動態調整的過程。
    在論文中的四個比較靜態分析中,發現當貨幣供給增加時,未必會造成國際收支赤字,反而有可能造成國際收支盈餘,造成本國幣升值,減少貨幣供給對產出的效果。
    就Mundell命題而言,當本國債券市場完全開放,貨幣政策依舊最有效;然而若為本國信用市場完全開放,貨幣政策在浮動匯率下便非最有效。就財政政策而言,在極端情況下都沒有任何效果,故分辨哪一個資本市場開放並沒有實質上的意義。
    由於本國債券市場以及信用市場開放的緣故,使得本國總體經濟更容易受到外國利率的影響;當外國債券市場利率提升時,若本國完全開放債券市場,則外國債券利率上升,將帶動本國產出的增加;但是若本國信用市場完全開放,則外國債券利率上升,對本國總體經濟完全沒有任何影響。
    就外國信用市場利率而言,當外國信用市場利率上升,若本國債券市場完全開放,短期將造成本國產出下降,但長期對本國總體經濟完全沒有影響;然而若是本國信用市場完全開放,短期將造成本國產出大幅下降,而長期仍舊會造成產出下降。
    Reference: B.A. Abrams and F.R. Settle (2003),”Do Fixed Exchange Rates Fetter Monetary Policy? A Credit View,” NBER Working Papers, No.2003-09.

    B.S. Bernanke (1981),”Bankruptcy, Liquidity and Recession,” American Economic Review, Vol. 71, No. 2, pp.155-159.

    B. S. Bernanke (1983),”Nonmonetary Effects of the Financial Crisis in the propagation of the Great Depression,” American Economic Review, Vol. 73, No. 3, pp.257-276.

    B. S. Bernanke and S. A. Blinder (1988),”Credit, Money, and Aggregate Demand,” American Economic Review, Vol. 78, No. 2, pp.435-439.

    B. S. Bernanke and S. A. Blinder (1992),”The Federal Funds Rate and the Channels of Monetary Transmission,” American Economic Review, Vol. 82, No. 4, pp.901-921.

    B. S. Bernanke and M. Gertler (1995),”Inside the Black Box: The Credit Channel of Monetary Policy Transmission,” Journal of Economic Perspectives, Vol. 9, No.4 pp.27-48.

    F. S. Mishkin (1995), “Symposium on the Monetary Transmission Mechanism,” Journal of Economic Perspectives, Vol. 9, No. 4, pp. 3-10.

    P. Chiades and L. Gambacorta (2004),”The Bernanke and Blinder Model in an Open Economy: The Italian Case,” German Economic Review, Vol.5, No.1, pp.1-34.

    R. S. Rajan and I. Sugema (1999),”Capital Flows, Credit Transmission and the Current Crisis in Southeast Asia” CIES Discussion Paper, No.99/25.

    R. A. Mundell (1963), “Capital Mobility and Stabilization Policy under Fixed and Flexible Exchange Rates,” Canadian Journal of Economics and Political Science 29 : pp. 475-485.

    M. M. Spiegel (1995),”Sterilization of Capital Inflows through the Banking Sector: Evidence from Asia,” FBRSF Economic Review.
    Description: 碩士
    國立政治大學
    國際經營與貿易研究所
    101351026
    102
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0101351026
    Data Type: thesis
    Appears in Collections:[國際經營與貿易學系 ] 學位論文

    Files in This Item:

    File Description SizeFormat
    102601.pdf1309KbAdobe PDF2973View/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 Copyright Announcement
    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。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    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。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback