Subordinating monetary policy to exchange rate policy would be painful for institutions like the ECB. 对于欧洲央行这样的机构而言,让货币政策屈从于汇率政策,是一件痛苦的事情。
But interestingly, there is not a definite relationship, in monetary or exchange rate management, between transparency and discretion on the one hand, and transparency and credibility on the other. 但有趣的是就货币或汇率管理而言,透明度与酌情空间,以及透明度与公信力两者之间并无必然的关系。
The Conflict between Monetary and Exchange Rate Policy in an Open Economy 开放经济下货币政策和汇率政策的冲突
Factors the influence interest: inflation rate, monetary policy, exchange rate policy, international agreement and international privity. 影响利率的因素:通货膨胀率,货币政策,汇率政策,国际协议,国际默契。
Without monetary or exchange rate offsets, that seems sure to worsen the recession already caused by the collapse in their bubble-fuelled private spending. 如果不以货币和汇率措施抵消其不利影响,目前由于泡沫助长的私人支出大幅萎缩而造成的衰退似乎必然会恶化。
A whole range of policies need to be co-ordinated, particularly over financial regulation, monetary policy and exchange rate regimes. 大量的政策需要协调,特别是在金融监管、货币政策和外汇制度领域。
Instead its leaders hoped the lack of fiscal, monetary, and exchange rate policies would require accelerated structural reforms in their place. 实际上,欧元区领导人曾希望,财政、货币和汇率政策的匮乏,将需要欧元区加快结构性改革的步伐。
Moreover, since it is very difficult to control the flow of capital in Asian-style open economies that specialise in trade and welcome foreign investment, the choice is generally between controlling domestic monetary conditions or exchange rate stability. 另外,由于亚洲式的开放经济体侧重贸易,欢迎外国投资,要控制资本流动很难,因此通常只能在控制本国货币环境与维持汇率的稳定之间做出选择。
The biggest problem for these economies is that their monetary and exchange rate policies make it difficult to manage the inflation risk. 这些经济体面临的最大问题在于,其货币和汇率政策加大了管理通胀风险的难度。
Analysis of the Conflict and Coordination Management of Monetary Policy and Exchange Rate Policy in China 我国货币政策与汇率政策冲突及协调管理分析
( I) activities conducted by a central bank or monetary authority or by any other public entity in pursuit of monetary or exchange rate policies; (ⅰ)中央银行或货币管理机关或任何其他公共实体为推行货币或汇率政策而从事的活动;
Stabilize fiscal, monetary and foreign exchange rate policy; 稳定财政、货币和汇率政策,控制财政赤字规模;
Game Analysis on the Monetary and Exchange Rate Policy to the Growing External Surplus 需求移入下货币汇率政策博弈分析
Heart of the contradiction is shown as the attack of international capital flow to a country's monetary and exchange rate regime. 而矛盾的核心突出表现在国际资本流动特别是国际投机资本对一国货币、汇率制度的冲击问题。
An Analysis of Monetary and Exchange Rate Policy of CEE countries: Base on ERM-ⅱ Mechanism 基于ERM&Ⅱ机制的中东欧国家货币汇率政策分析
The second part reviews the conflict and coordination theory of macro-economy policy in open economy in order to provide theoretical foundation for the conflicts and coordination between monetary policy and exchange rate policy of China. 第二部分考察了开放经济下宏观经济政策的冲突及协调理论,以期为研究我国货币政策与汇率政策的冲突及协调问题提供理论基础。
The third part analyzes the running state of current domestic monetary policy and exchange rate policy, pointing out the deficiency of exchange rate policy in operation and the orientation of monetary policy. 第三部分对当前我国的货币政策与汇率政策状况进行了分析,指出了我国货币政策取向及现行汇率政策存在的缺陷。
In the open economy, monetary and exchange rate policy, a result of gaming among external and domestic economic units, is very important to external-domestic equilibrium and the safety of economy. 开放条件下,货币汇率政策事关内外均衡和国家经济安全,它是国内外各经济主体博弈的结果。
The strongest form of coordination is the single policies, including monetary policy, exchange rate policy and competition policy; 协调形式最强的是已经形成统一政策的领域,包括竞争政策、货币政策和汇率政策;
Apparent conflicts had occurred between implementation of monetary policy and exchange rate regime in the three stages of pegging to the dollar part. 在盯住美元区间,货币政策在实施的三个阶段都与汇率管理机制产生了明显的冲突。
Through in-depth analysis of the present paper ready-made regional monetary cooperation exchange rate harmony theses three mode, based on the contrastive analysis of using Angle, summarized current monetary cooperation in east Asia region is the most feasible path. 论文通过深入分析目前现成的区域货币合作汇率协调方面三种常用模式,在此基础上采用了对比分析的角度,总结出了目前对东亚地区货币合作来说最具有可行性的路径。
But there is not apparent conflict between implementation of monetary policy and exchange rate regime during managed floating part. 而在管理浮动汇率区间,货币政策与汇率管理机制没有产生明显的冲突。
In the background of the global economy and financial integration, the conflict between monetary policy and exchange rate policy is an important issue that many countries have met including china. 在全球经济、金融一体化大背景下,货币政策与汇率政策之间的冲突问题是许多国家包括我国在内面临的一个重要课题。
As one of the important part of the International Monetary System, exchange rate regime is affected by the type of the international monetary system. 汇率制度作为国际货币体系的重要组成部分,将受到各种国际货币体系类型的影响。
This chapter then discussed macroeconomic policy tools under an open economy, in general, in order to achieve internal and external balance, a government can take the policy measures including fiscal policies, monetary policies and exchange rate policies, as well as direct control. 本章紧接着论述了开放经济下的宏观经济政策工具,一般而言,为了实现内外均衡,一国政府所能采取的政策手段包括财政政策、货币政策、汇率政策以及直接管制等。
In macroeconomic level, the article argues that economic cycles, inflation and deflation, interest rates, fiscal policies and monetary policies, exchange rate and so on will affect the return of securities investment funds. 在宏观经济影响因素方面,本文认为经济周期因素、通货膨胀与通货紧缩因素、利率因素、国家的财政和货币政策因素、汇率因素等对证券投资基金的收益都会产生影响。
This paper mostly summarize the four times conflicts between monetary policy and exchange rate policy since the reform of exchange rate system in 1994. Then it analyzes the underlying causes of the conflicts and coordination measures taken by the government. 本文重点总结了自1994年汇率并轨以来我国货币政策与汇率政策的四次冲突,在此基础上分析了两者发生冲突的内在原因,以及政府采取的协调措施。
And in the aftermath of the financial crisis in 1997, East Asia has come to realize that the absence of the cooperative monetary and exchange rate arrangement will make the regional economic development unstable. 1997年的东南亚金融危机进一步使东亚地区认识到,缺乏合作的货币和汇率安排将成为区域不稳定的一个根源。
At last, this paper gives out the application of monetary policy exchange rate transmission channel and the policy suggestions. 2. 文章的最后,分析了汇率传导途径的应用,其中包括对汇率传导途径的作用分析以及提出的相关政策建议。