题名

Mundell 命題:資本完全移動與圖形分析

并列篇名

The Mundell Proposition: Perfect Capital Mobility and Diagrammatic Analysis

DOI

10.6277/ter.2001.294.2

作者

曹添旺(Tien-Wang Tsaur)

关键词

Mundell 命題 ; 資本完全移動 ; 可貨資金說 ; the Mundell proposition ; perfect capital mobility ; the loanable funds theory

期刊名称

經濟論文叢刊

卷期/出版年月

29卷4期(2001 / 12 / 01)

页次

403 - 410

内容语文

繁體中文

中文摘要

Chen, Lai and Tsaur (1988) 從動態分析的觀點証明「資本完全移動」之假設與「可貨資金說」具有邏輯的致性。本文據此分析奠基於資本完全移動假定之下的利率平價條件反映的正是債券市場的均衡狀態,而未必是國際收支的平衡。本文補充本刊本期陳昭南、賴景昌與張俊仁一文因忽略此一論點,以致若干圖形的解析未盡妥切之處。

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.

主题分类 社會科學 > 經濟學
参考文献
  1. 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:
  2. 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
  3. Mundell, R. A.(1964).A reply: Capital mobility and size.Canadian Journal of Economics and Political Sciences,30
  4. Mundell, R. A.(1963).Capital Mobility and Stabilization Policy under Fixed and Flexible Exchange Rates.Canadian Journal of Economics and Political Science,29(4)
  5. 陳昭南 Chen, Chau-Nan(1974).Capital mobility and the stability of the flexible exchange rate system.Quarterly Journal of Economics,88
  6. 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
  7. 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
  8. 賴景昌 Lai, Ching-Chong(1993)。國際金融理論:基礎篇。台北:茂昌。