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来源: BlogBus 原始链接: http://www.blogbus.com:80/blogbus/blog/diary.php?diaryid=525750 存档链接: https://web.archive.org/web/20041213023225id_/http://www.blogbus.com:80/blogbus/blog/diary.php?diaryid=525750

ÓÀÔ¶µÄÅÇ»² ÀíÐÔÓë¸ÐÐÔ£¬ÈËÐÔÓëÉñÐÔ£¬ÀíÏëÓëÏÖʵ£¬±ßÔµ»òÊÇÖ÷Á÷£¬ÎÒÃÇÉú»îÆäÖУ¬ÅÇ»²×Å£¬ÄѵÀÕâÊÇÉϵ۵ÄÏÝÚåÂ𣿠<<<²»Ò»ÑùµÄÔ¹â | Ê×Ò³ | ÇàɽÂÌË®>>> ×î½ü¿´µÄºÍÐèÒª¿´µÄÎÄÏ× Ê±¼ä£º2004-12-03 ÓÐÌìÔÚÍøÉÏ»ÎÓƵÄʱºò£¬ÎÞÒâ·¢ÏÖÁ˻ƺ£ÖÞÀÏʦµÄÒ»¸ö½²×ù£º¡° Exchange Rate Regimes and Economic Growth: Evidence from Developing Asian and Advanced European Economies ¡±¡£ºÜÓÐÒâ˼µÄÒ»¸öÌâÄ¿¡£ÔÙ¿´ËûµÄ½áÂÛÒ²ºÜÓÐÒâ˼£º¡° First, for advanced European countries, the choice of regime does not seem to affect the rate of economic growth or its variability, although more flexible exchange regimes are associated with slightly higher growth rates. Second, for developing and emerging Asian economies, the choice of regime does affect the economic growth rate non-linearly¨Cmanaged float outperforms other regimes ¨C but do not affect the variability of growth. Our findings suggest that not only whether but also how the choice of exchange rate regime affects economic growth critically depends on the level of development of that economy. ¡±ÓÚÊǾö¶¨ÈÏÕæ¶Á¶ÁÕâƪÂÛÎÄ¡£ ´Ö´Ö¶Á¹ý£¬ÊÕ»ñÈçÏ£ºÊ×ÏÈÊÇÖªµÀÁË Reinhart and Rogoff ÔÚËûÃÇ 2004 ÄêµÄÂÛÎÄÀïÌá³öµÄеĶԻãÂÊÖƶȵķÖÀà·½·¨£»½ÓÏÂÀ´ÊǼûʶÀïÃæ²ÉÓõĴÓûÓмû¹ýµÄ¼ÆÁ¿·½·¨¡£ÄÇЩͼ£¬ÊµÔÚºÜÓÐÒâ˼£¬ÎÒ²»ÖªµÀÊÇÔõô×ö³öÀ´µÄ¡£ÕâÊÇƪʵ֤ÐÔÖʵÄÎÄÕ£¬ËùÒÔ¶ÔÓÚ¼ÆÁ¿²»ÊìϤµÄÎÒ£¬ÐèÒªÔÙ¶Á¡£²»¹ý¶ÔÓÚÎÄÕµĽáÂÛ£¬ÎÒµ¹ÊÇÓÐÖî¶àÏë·¨¡£»ÆÀÏʦֻÊǼìÑéÖ¤Ã÷ÁË»ãÂÊÖƶȺ;­¼ÃÔö³¤Ö®¼äµÄÏà¹Ø¹Øϵ£¬¶øÇÒÊÇ·ÇÏßÐÔÏà¹Ø¡£ÄÇô¾¿¾¹Ë­ÊÇÒò£¬Ë­ÊǹûÄØ£¿»ÆÀÏʦ×Ô¼ºÒ²ÔÚÎÄÖÐÌáµ½£¬ÐèÒª¿¼ÂÇ»ãÂÊÖƶȵÄÄÚÉúÐÔ¡£ÔÚÎÒ¿´À´£¬Ïà¹ØÐÔµÄȷ˵Ã÷ÁËһЩÎÊÌ⣬µ«ÊÇ»¹ÊÇÍ£ÁôÔÚÏÖÏóµÄ²ãÃ棬²»¹»ÉîÈë¡£ÒªÉîÈëµÄ»°£¬¹À¼ÆÐèÒªÒ»¸ö¶¯Ì¬µÄÄ£ÐÍÀ´¿Ì»­²ÅÐС£ ¶øÕâ±È¼ÆÁ¿¼ìÑéÄѶȴó¶àÁË¡£¶øÇÒ£¬¿´ Rogoff µÄÁíһƪÂÛÎÄ¡° Exchange Rate Regime Durability and Performance in Developing versus Advanced Economies ¡± , ËûµÄ½áÂÛÊÇ¡° we find that countries appear to benefit by having increasingly flexible exchange rate systems as they become richer and more financially developed. For developing countries with little exposure to international capital markets, pegs are notable for their durability and relatively low inflation. In contrast, for advanced economies, floats are distinctly more durable and also appear to be associated with higher growth. For emerging markets, our results parallel the Baxter and Stockman classic exchange regime neutrality result, though pegs are the least durable and expose countries to higher risk of crisis. ¡±ÔÚϸ΢´¦ºÍ»ÆÀÏʦµÄ½áÂÛ»¹ÊÇÓÐЩ³öÈëµÄ¡£¶øÇÒÕâЩ³öÈë²¢·Ç²»ÖØÒª¡£µ«¾ÍÆäÔ­Òò£¬ÎÒ»¹Ã»ÓжÁÍ꣬²»ºÃ˵¡£Ö»ÊÇÓÐÒ»µãÒýÆðÁËÎÒµÄ×¢Ò⣺»ÆÀÏʦÓõÄÊý¾Ý´ó²¿·ÖÀ´×Ô Rogoff 2004 ÄêµÄÄÇƪÂÛÎÄ¡£ÏëÀ´Êý¾ÝµÄ»ñµÃ»¹ÕæÊÇÄÑ°¡£¬¶Ô´ËÎÒÉîÓÐÌå»á¡£ËäÈ»£¬ÔÚÒ»¿ªÊ¼ÎÒ»¹ÊDz»ÃâÒÔСÈËÖ®ÐÄÔÚÄÇÀïÇÔÇÔµØÎÊ£ºÕâÑùÓÐûÓÐÆ´½áµÄÏÓÒÉ°¡¡£ »ÆÀÏʦµÄÎÄÕ³ýÁËÓÖÒ»´Î´ø³öÁË Rogoff£¨¼òÖ±ÊÇÎÒżÏñ£©£¬Ò²´ø³öÁËÁíһλţÈË£º Charles Engle£¬2003 Äêŵ½±¡£È¥µ½ËûÖ÷Ò³¿´ÁË¿´£¬Ô­À´ËûÒ²ÊÇ×ö¹ú¼Ê¾­¼ÃѧÕâÒ»¿éµÄ£¬²»¹ýÆ«ÖؼÆÁ¿¡£Ëû 1996µÄһƪ¡°How Wide Is Border£¿¡±ºÜÓÐÒâ˼£¬²»¹ý»¹Ã»Óп´Íֻ꣬¿´ÁËÇ°ÃæÒ»²¿·Ö¡£ ×î´óµÄÊÕ»ñÔòÊÇÀ´×ÔÇ°ÃæһƪÈÕ×ÓÌáµ½µÄÄǸö PrincetonµÄWWSÖÐÐÄ¡£ÄÇÀïÃæ¾­¼Ãѧ·½ÃæµÄworking paper¶¼Êdzö×ÔÃû¼Ò¡£¹ú¼ÊóÒ×·½ÃæµÄÊÇGrossmanºÍHelpmanÕâ¶Ô»Æ½ð´îµµ£»¶øÐÐΪѧºÍÈÏ֪ѧ·½ÃæÔòÊÇTirole.ËäÈ»ÒÔÇ°¾ÍÌý˵£¬TiroleתÏòÐÐΪ·½ÃæÁË£¬µ«Ã»Ïëµ½ÄÇôÔçºÍÄÇô³¹µ×¡£¶øG&HÕâ¶Ô´îµµµÄÐËȤÔòÔÚoutsourcingÕâ·½Ãæ¡£¼ÇµÃÉÏÒ»´ÎºÍYÀÏʦÌÖÂÛʱ¾ÍÌÖÂÛµ½Outsourcing×÷ΪһÖÖʵÌå¾­¼ÃµÄÔË×÷Ç÷Êƽ«¶Ô¹ú¼ÊóÒײúÉúÔõÑùµÄÓ°Ïì¡£ÕýºÃ£¬¿ÉÒÔÑжÁ¡£²»¹ý£¬´Ö´Ö¿´ÁËÏ£¬G&H×ߵĺÜÔ¶ÁË£ºËûÃÇÒÔÐÂÐËÆóÒµÀíÂÛΪ΢¹Û»ù´¡ÊÔͼ½«·ÖÎöÄÉÈëÒ»°ã¾ùºâµÄ·ÖÎö¿ò¼Ü֮ϡ£°¦¡­ÓÖÒ»´ÎÓ¡Ö¤ÁËÎҵĺóÖªºó¾õ¡£ ËæÒâµØ¿´ÁË¿´ÕþÖξ­¼Ãѧ·½ÃæµÄÎÄÏ×£¬·¢ÏÖ¹úÄÚµÄˮƽ¼òÖ±²îÌ«Ô¶ÁË¡£¶¡¶¡ÀÏʦºÜÔçÇ°¾ÍÔÚÎÄÕÂÀïд£ºÖйúÐèÒª²¹ÉÏÐÂÕþÖξ­¼ÃѧµÄ¿Î¡£²»ÖªµÀ²¹µÃÉϲ¹²»ÉÏ£¿Ê²Ã´Ê±ºò²¹ÉÏ£¿ ×îºÃÍæµÄ»¹ÊÇÒªÊý£º art & culture study¡£ÌâÄ¿¾ÍºÜÎüÒýÈË£¬ÏñΪʲôwoman±È½Ï°®¶ÁС˵°¡£¿ËÑË÷ÒýÇæµÄÕþÖΰ¡¡­Ê²Ã´µÄ¡£ ÕâôÊýÊý¿´£¬Òª¶ÁµÄ¶«Î÷»¹Õæ¶à¡£¶÷£¬¼ÓÓÍ°É¡£Ö»Õù³¯Ï¦°¡£¬ºÙºÙ£¡ P.S:»ÆÀÏʦµÄÎÄÕ¿ÉÒÔÔÚÕâÀïÏ http://www.ccfr.org.cn/dongtai_show.php?nid=125 ÓÐÐËȤµÄÅóÓÑ¿´ÁËÖ¸µãÎÒÏ£¬Ð»ÁË£º£© ÍüÁËʱ¼äµÄÖí ·¢±íÓÚ 2004-12-03 22:52 ÒýÓÃTrackback(0) | ±à¼­ ÆÀÂÛ ·¢±íÆÀÂÛ ×îºó¸üР¸Ï·£¬ÎªÁË¡£¡£¡£¡£ ÇàɽÂÌË® »¨Ðõ дʳһ°Ñ Ê¥µ®Ç°Ð¡¾Æ¹ÝÑݳö µ¿ÄîÊýѧ¼Ò³ÂÊ¡Éí½ÌÊÚ ×î½ü¿´µÄºÍÐèÒª¿´µÄÎÄÏ× ²»Ò»ÑùµÄÔ¹â Making music sociology 2046 *Reloaded