重回貨幣危機問題－新開放總體經濟模型的應用

Review of the Issue of A Currency Crisis: A New Open Economy Macroeconomic Model

10.29628/AEP.200306.0004

林鴻裕(Hong-Yu Lin)

貨幣危機 ； 獨佔性競爭 ； 新開放總體經濟學 ； Currency crisis ； Monopolistic competition ； New open economy macroeconomics

經濟論文

31卷2期（2003 / 06 / 01）

207 - 228

繁體中文

本文將新開放總體經濟模型引入貨幣危機域後，發現如此的嘗試。除了可解決傳統貨幣危機文獻任意外生假定產出水準為充分就業的問題外，其在賦予政府採行不一致政策動機的描述上，亦能克服傳統貨幣危機文獻的缺失而具合理性。另外，在影響匯率制度崩潰時點的因素上，我們也發現了一有趣的結果，例如：一國開放程度的高低，會影響匯率制度崩潰的快慢；人民是否偏愛該發國發行的實質餘額，也會影響匯率制度的崩潰時點，甚至人們期初擁有的債券數量多寡、與人們擁有的貿易財數量等等，亦會影響匯率制度崩潰的快慢。

In an attempt to apply a new open economy macroeconomic model to the analysis of currency crisis, we can provide an explanation for the government's inconsistent policies. We also found some new factors that have an impact on the timing of an exchange rate regime collapse: for example, the openness of a country, people's preference for real balances, the volume of bonds held by people, and the amount of tradable goods owned by people.

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