發(fā)展中國家的實際匯率研究.pdf

1、復(fù)旦大學(xué)碩士學(xué)位論文發(fā)展中國家的實際匯率研究姓名：俞萌申請學(xué)位級別：碩士專業(yè)：金融學(xué)指導(dǎo)教師：胡涵鈞2002.5.8AbstractAbstractAmongtheliteraturesoftheeconomicsofthedevelopingcountriestheexchangeratepolicyhasbeenthecenterofthediscussionsWhethertIledevelopmentoftheeconomics

2、issuccessornotisregardedtohaveacloserelationshiPwiththeexchangeratepolicyHowevertherealexchangeratehasclaimedacrucialroleintheeconomic1iteraturedevotedtoeconomicperformanceandpoliciesinthedevelopingcountries0neofthemosti

3、mportantoft11eseexchangerelatedproblemshastodo、Ⅳitlldefiningwhetheracountry’srealexchangerateisovervaluedoroutoflinewitht11elongrunequilibriumvalHeAsecondimportantproblemreferstohowrealexchangerateshouldbemeasuredTherear

4、emanythcoricsabouttheabovementionedtopic，rangingfromthetraditionalpurchasepowerparitytothemodemequilibriumexchangeratetheoriessetuponthedependenteconomv’andtheBalassaSamuelsonHypothesiswhichdealswiththerealexchangeratean

5、dtheeconomicperformanceinthedevelopingcountriesT11ispaplerintroducesthesetheoriesandtriestoanalysetherealexchangerateofRMBandthefundamentalsofthereaIexchangerateofRM[BThethesisconsistsofsixchaptersThefirstchapterconclude

6、stherelatedconceptsoftherealexchangerate，includingthedefinition，theequilibriumanddisequilibriumrealexchangerate，theeconomiceffectsoftherealexchangeratefluctuationsThesecondchapterintroducesthetraditionalequilibriumexchan

7、geratesystempurchasepowerparityandemphasesthetheoreticaldeviationwhenitispracticedinthedevelopingcountriesThechapteralsomakesaconclusionoftheanalysisthathasbeendoneThethirdchapterintroducesthefundamentalequilibriumexchan

8、gerateandthedesiredequilibriumexchangerate，whichemphasizesthatequilibriumrealexchangerateshouldbeinlinewitllthedevelopmentoftheoveralleconomictargetThefourthchapterintroducesamodeloftheequilibriumrealexchangerateofdevelo

9、pingcotmtdesItconcludesthatmonetaryandrealfactorswillaffecttherealexchangerateintheshortrun，howeverinthelongrun，onlyrealfactorswillaffectheequilibriumrealexchangeratenlemodelcapturessomefeaturesofthedevelopingcountries，i

10、ncludingtheexistenceofexchangecontrols，tradebarrierandafreelydeterminedparoledmarketforforeignexchangeforfinancialtransactionsThefifthchaptermakesaconclusionoftheresearchontherealexchangerateofRMB，thenmakeananalysisofthe

11、BalassaSamuelsonHypothesisofRMBThischapteralsoincludesamodelofthefundamentalsaffecttherealexchangerateofRMBThesixthchaptersummarizesthemainideasofthisthesisKeywords：RealexchangeratePurchasepowerparityFundamentalequilibri