摘要
随着经济全球化进程的加快,钉住汇率制度可能成为一国金融危机的诱因。泰国汇率市场化和资本项目开放的过程表明,泰铢危机是1997–1998年亚洲金融危机的导火索,泰铢危机的根源是钉住美元的汇率制度,泰国是在亚洲金融危机中被迫放弃钉住汇率制度,走向浮动汇率制度的。
With the accelerated process of economic globalization, pegged exchange rate regime could become an incentive for one country＇s financial crisis. Thailand＇s foreign exchange rate market and capital account liberalization process proves that the reason of Baht Crisis in 1997-1998 is its pegging to U.S. dollar mechanism. After that, Thailand was forced to give up pegged exchange rate regime, and step forward into the floating exchange rate regime.
出处
《南方金融》
北大核心
2013年第8期45-49,共5页
South China Finance
关键词
汇率市场化
资本项目开放
钉住汇率制度
泰铢危机
泰国
Foreign Exchange Rate Marketization
Capital Account Liberalization
Pegged Exchange Rate Regime
Baht Crisis
Thailand
