An exchange rate determination model for central banks' interventions in financial markets

被引：0

作者：

林浚清

黄祖辉

战明华

机构：

来源：

Journal of Zhejiang University-Science A(Applied Physics & Engineering) | 2002年 / 04期

关键词：

Intervention of exchange rate; Financial market; Exchange rate determination;

D O I：

暂无

中图分类号：

F830.3 [金融组织、银行];

学科分类号：

020204 ; 1201 ;

摘要：

We establish an exchange rate determination model for central banks’ interventions in financial markets. The model shows that central banks can adjust exchange rate by several policy instruments and that different instruments may have different effects on exchange rate determination. It specifies potential policy instruments for central banks as well as their policy effects. Based on these effects, feasible matches of policy instruments in contingent intervention are put forth.

引用

页码：66 / 69

页数：4

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