| 联系汇率制传统调节机制的失灵、风险及其改进 |
| |
| 引用本文： | 冯邦彦,邹小山.联系汇率制传统调节机制的失灵、风险及其改进[J].兰州学刊,2005(2):67-69. |
| |
| 作者姓名： | 冯邦彦 邹小山 |
| |
| 作者单位： | 暨南大学,经济学院,广东,广州,510632 |
| |
| 摘 要： | 90年代后期的金融危机对港币的冲击使理论界认识到,传统的联系汇率制并不是坚不可摧的,有必要对其作适当调整.本文介绍了联系汇率制的两个自动调节机制:物价--现金流机制和套利机制,并对其在运行中的失灵问题进行了阐述.本文认为,港币利率的相对变动是联系汇率制调节过程中的关键因素,利率是调节机制运行的基础.通过分析港币近年来的运行情况,本文检验了港币危机时的利率升水幅度,建议通过建立港币认沽制度来稳定利率、完善两个自动调节机制.
|
| 关 键 词： | 联系汇率制 调节机制 货币风险 港币认沽制度 |
| 文章编号： | 1005-3492(2005)02-0067-03 |
| 修稿时间： | 2004年11月4日 |
Malfunction, Risk and Reform of the Linked Exchange Rate System in Hong Kong |
| |
| Authors: | Feng Bangyan Zou Xianshan |
| |
| Institution: | Feng Bangyan Zou Xiaoshan |
| |
| Abstract: | The East Asian currency crisis which spread to Hong Kong in 1997 made us aware that there were weaknesses in the linked exchange rate system. This paper examines the traditional automatic operational mechanism of Hong Kong's linked exchange rate system. The malfunction of mechanism could make the traditional system get much tougher. A proposal is recommended to improve the traditional operational mechanism. |
| |
| Keywords: | linked exchange rate system automatic operational mechanism currency risk anti-sold currency system |
| 本文献已被 CNKI 维普 万方数据 等数据库收录！ |
|
