资本账户、法定汇率制度与事实汇率制度
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财经研究 2006 年 第 32 卷第 02 期, 页码：7 - 19
摘要
参考文献
摘要
文章对资本账户开放程度以及法定与事实汇率制度之差异的共同决定过程进行了研究。文章以世界各国自布雷顿森林体系崩溃以来的相关数据为基础,利用离散变量联立方程模型进行计量经济学分析。经验分析的结果表明,资本账户的开放程度,对于法定与事实汇率制度的差异有显著影响,但后者对前者的影响并不显著。此外,无论是资本账户的开放程度,还是法定与事实汇率制度的差异,都存在显著的状态依赖性。
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[7]Von Hagen,Jürgen,Jizhong Zhou(JIMF).The choice of exchange rate regime in de-veloping countries:A multinomial panel analysis[J].Journal of International Moneyand Finance(in press).
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[9]Zhou Jizhong,Jürgen Von Hagen.Capital controls in developing countries:Determina-tion and interactions with exchange rate regimes[Z].Mimeo.ZEI,University of Bonn,2004b.
②关于资本账户政策的研究,参见Zhou和Von Hagen(2004b)的综述。关于法定与事实汇率制度差异的研究,参见Zhou和Von Hagen(2004a)的综述。
[2]Levy-Yeyati,Eduardo,Federico Sturzenegger.Classifying exchange rate regimes:Deeds vs.words[Z].Mimeo.Universidad Torcuato Di Tella.Available from http://www.utdt.edu/~ely/,2002.
[3]Marshall,Monty,Keith Jaggers.Polity IV project:Political regime characteristics andtransitions,1800~2002[Z].CIDCM,University of Maryland.
[4]Reinhart,Carmen,Kenneth Rogoff.The modern history of exchange rate arrange-ments:A reinterpretation[J].Quarterly Journal of Economics,2004,119(2):1~48.
[5]Von Hagen,Jürgen,Jizhong Zhou.The determination of capital controls:Which roledo exchange rate regimes play[J].Journal of Banking and Finance 2005a,(29):227~248.
[6]Von Hagen,Jürgen,Jizhong Zhou.De facto and official exchange rate regimes in tran-sition economies[J].Economic Systems 2005b,(29):256~275.
[7]Von Hagen,Jürgen,Jizhong Zhou(JIMF).The choice of exchange rate regime in de-veloping countries:A multinomial panel analysis[J].Journal of International Moneyand Finance(in press).
[8]Zhou,Jizhong,Jürgen Von Hagen.Fear of floating and fear of pegging:An empiricalanalysis of de facto exchange rate regimes in developing countries[Z].ZEI Working Pa-per B31-2004,University of Bonn,2004a.
[9]Zhou Jizhong,Jürgen Von Hagen.Capital controls in developing countries:Determina-tion and interactions with exchange rate regimes[Z].Mimeo.ZEI,University of Bonn,2004b.
②关于资本账户政策的研究,参见Zhou和Von Hagen(2004b)的综述。关于法定与事实汇率制度差异的研究,参见Zhou和Von Hagen(2004a)的综述。
引用本文
周继忠. 资本账户、法定汇率制度与事实汇率制度[J]. 财经研究, 2006, 32(2): 7–19.
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