摘要
本文建立了一个分析联系汇率制度能否维持的基本框架,联系汇率制度能否维持取决于初始条件和触发条件能否满足。随着近期美联储持续紧缩等形势的发展,会导致这些条件发生恶化。本文认为,联系汇率制度将在未来1至2年内面临严峻考验。
This paper establishes a basic framework for analyzing whether the linked exchange rate system can be maintained. The answer to that question will depend on what should be seen as ＂initial conditions＂ and ＂triggering factors.＂ Judging from recent monetary tightening by the US Federal Reserve, these conditions will deteriorate in the future. In short, the linked exchange rate system will face severe tests in the next one to two years
出处
《金融市场研究》
2018年第6期19-32,共14页
Financial Market Research
关键词
联系汇率制度
美联储紧缩
弱方超调
Linked Exchange Rate System
Fed Monetary Tightening
Weak Side Overshoot
