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所属栏目：资本市场/外汇市场与汇率

弹性汇率下资本控制对经济稳定性的影响

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发布日期：2008年05月03日上次修订日期：2008年05月03日

郭建泉 guojq@nsfc.gov.cn 国家自然科学基金委员会周茂荣 mrzhou@whu.edu.cn

摘要

We extend the research of Michael Frenkel and christiane Nickel (2001) and present a modified Dornbusch overshoot model to study the impacts of different control degree of different capital on price-exchange rate system with a microstructure in foreign exchange market in the steady state. It is found that the impact on the stability of price-exchange rate system is an alternative choice between saddle stability and entire stability.

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关键词：

capital control exchange rate flexible exchange rate

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