英文摘要
|
Chen, Lai and Tsaur (1988) demonstrated from the perspective of dynamic analysis that Mundell's model of perfect mobility is logically consistent only within the framework of the loanable funds theory. This paper shows that based on the assumption of perfect capital mobility, the conditions for interest rate parity reflect, not necessarily an external balance, but an instantaneous securities balance. This paper also points out that Chen, Lai and Chang (2001), in this issue, ignore the implications of perfect capital mobility; therefore, some of their diagrammatic analyses may not be entirely accurate.
|
参考文献
|
-
陳昭南 Chen, Chau-Nan、 賴景昌 Lai, Ching-Chong、 張俊仁 Chang, Juin-Jen(2001)。Mundell命題:文獻的回顧與綜合 The Mundell Proposition: A Synthesis of the Literature。經濟論文叢刊 Taiwan Economic Review,29(4)
連結:
-
Mcleod, A. N.(1964).Capital mobility and stabilization policy under fixed and flexible exchange rates: A comment.Canadian Journal of Economics and Political Sciences,30
-
Mundell, R. A.(1964).A reply: Capital mobility and size.Canadian Journal of Economics and Political Sciences,30
-
Mundell, R. A.(1963).Capital Mobility and Stabilization Policy under Fixed and Flexible Exchange Rates.Canadian Journal of Economics and Political Science,29(4)
-
陳昭南 Chen, Chau-Nan(1974).Capital mobility and the stability of the flexible exchange rate system.Quarterly Journal of Economics,88
-
陳昭南 Chen, Chau-Nan(1972).Perfect capital mobility and the XX-LL-FF analysis.國立臺灣大學經濟學研究所經濟論文叢刊 Economic Essays,3
-
陳昭南 Chen, Chau-Nan, 賴景昌 Lai, Ching-Chong, 曹添旺 Tsaur, Tien-Wang(1988).The loanable funds theory and the dynamics of exchange rates: The Mundell model revisited.Journal of International Money and Finance,7
-
賴景昌 Lai, Ching-Chong(1993)。國際金融理論:基礎篇。台北:茂昌。
|