汇率目标区

汇率目标区理论在我国的应用前景

Application of the Theory of Exchange Rate Target Zone In China

汇率目标区是一种中间汇率制度。

Exchange rate target zone is a kind of the exchange rate .

基于均衡分析的汇率目标区浮动区间确定

Definition of Exchange Rate Target Area Fluctuation Based on Equilibrium Analysis

分析了市场期望对汇率目标区的影响。

And the influence of market expectation on target zone is analyzed .

本文介绍汇率目标区的基本模型。

This paper presents introduction of the target zone exchange rate system .

人民币汇率目标区的政策效应与方案设计

On policy effect & regime designing of RMB exchange rate target zone

汇率目标区在外汇干预中的作用分析

Analysis of Exchange Rate Target Zone in Foreign Exchange Intervention

第三章对采用汇率目标区作为过渡期间的人民币汇率制度进行了分析论证。

Chapter 4 suggests the scheme of RMB exchange rate target zone .

应用汇率目标区理论关键问题的探析

Discussion on Key Problems in Applying the Theory of Exchange Rate Target Zones

我国汇率目标区的设定研究

Researches on the Determination of Exchange Rate Target Zones

第六部分提出中国过渡期间应该选择汇率目标区制度，阐述了实施汇率目标区的理论依据、其必要性和可能性。

In the sixth part we should choose the exchange rate zone regime .

汇率目标区可以限制资本的过度流入，起到限流器的作用。

However , the use of target zone to prevent currency substitution is conditional .

汇率目标区的经济效应有助于帮助内外均衡。

Therefore , target zone helps the economy to achieve internal / external equilibrium .

人民币汇率目标区研究

Study on Exchange Rate Target Zone of RMB

汇率目标区正是这种寻求的结果之一。

The exchange rate target zone is one of the results of the exploration exactly .

不完全可信的汇率目标区研究

Study on Non - credible Target Zone

用汇率目标区方法评价1995&2004年人民币汇率

Evaluation of RMB exchange rate from 1995 to 2004 by the exchange rate target zone method

第二部分，汇率目标区理论与欧洲的实践。

Second part , the theory of exchange rate target zone and the practice of Europe .

第四章主要结合我国的实际情况，提出了我国汇率目标区制度框架设计的基本思路。

Chapter 4 puts forward the basic framework of the target zone system in our country .

中央银行外汇市场干预的不同决定了汇率目标区制中类型的不同。

Categories of target zone system of exchange rate depend on different intervention of the central bank .

根据作者的分析，汇率目标区的经济效应包括：动态锚定效应，预期引导效应和对冲效应。这些效应提供了经济运行的稳定环境，对于一国经济实现内外均衡具有重要意义。

With its economic effect of dynamic anchoring , expectation leading and hedging , target zone will provide stable environment .

汇率目标区的基准汇率应选择均衡汇率，理论上这种均衡汇率应是能同时反映一国内外部均衡的汇率。

The benchmark rate of the target zone should be an equilibrium rate which can reflects both of internal and external equilibrium simultaneously .

汇率目标区理论在中国具有相当的应用前景，但目前国内的相关研究对其在应用方面存在的具体问题重视不够。本文围绕该理论两方面的应用性问题：目标区应如何确定？

There is a good prospect for applying the theory of exchange rate target zones in China , but China 's current researches about it are far away enough .

而且，建立和完善汇率目标区制度对于发展中国家反货币替代、防止金融风险尤为重要。

Therefore , it is very important and necessary for those countries to build an exchange rate target zone system in order to avoid currency substitution and financial risks .

人民币汇率目标区方案的内容包括汇率、公开性、波幅和干预手段的设定，以及人民币汇率目标区的实施时机和策略。

The RMB exchange rate target zone plan includes main factors such as central exchange rate , openness , band and intervention as well as timing and other important strategies .

该章第一部分对汇率目标区的理论和实践进行了阐述；第三部分指出了我国已经满足实行汇率目标区的部分条件，论证汇率目标区在我国是可行的。

Target-zone regime is one of the best choice for us in midterm . The first part elaborates the theories and practice of target-zone regime such as the meaning , models and types .

本文分析了汇率目标区基本模型存在的缺陷，在此基础上提出以均衡分析为基础确定汇率目标区浮动区间的基本思路。

The author discusses the defects of the existing primary model of exchange rate target area and puts forward a way to decide the exchange rate target area fluctuation based on equilibrium analysis .

然后分析了欧洲多边汇率目标区的内容、运行阶段、制度框架和存在的问题，从中得出对东亚的启示。

Then the author analyses the content , operation stage , system frameworks and existing problems of the multilateral exchange rate target zone of Europe , and draws the enlightenments to East Asia .

克鲁格曼的汇率目标区理论和实证分析，可以较好的适用于中国经济转型期，并是一个现实的、可行的选择。

The target zone exchange rate model of Krugman and the demonstration effect can be suitable in the process of economic transition , and it is a realistic and feasible choice for china .

在此基础上，提出了建立人民币汇率目标区的基本思路，并对新的人民币汇率体制下相应的配套改革及中央银行应发挥的作用提出政策建议。

Based on the above research , this paper finally puts forward the scheme of establishing target zones and , under this new system , gives the policy suggestion of the relative reforms and the role of the central bank .