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關(guān)注:1
2013-05-23 12:21
求翻譯:本文通過SVAR模型檢驗(yàn)了我國央行沖銷成本與沖銷干預(yù)政策之間的動態(tài)關(guān)系。實(shí)證分析表明,央行在外匯儲備流入加劇時(shí),會通過壓制國內(nèi)利率方式以控制沖銷成本,并注意根據(jù)沖銷成本的高低來把控沖銷力度,當(dāng)沖銷成本低時(shí)加大沖銷力度,在沖銷成本較高時(shí)減少沖銷力度。可見,央行確實(shí)考慮了沖銷成本對沖銷干預(yù)政策可持續(xù)性的影響。但隨著市場化的推進(jìn)與有利于大規(guī)模沖銷的制度因素的改革,我國央行控制沖銷成本的難度將進(jìn)一步加大,央行沖銷干預(yù)政策的可持續(xù)性將進(jìn)一步受到削弱與挑戰(zhàn)。是什么意思?![]() ![]() 本文通過SVAR模型檢驗(yàn)了我國央行沖銷成本與沖銷干預(yù)政策之間的動態(tài)關(guān)系。實(shí)證分析表明,央行在外匯儲備流入加劇時(shí),會通過壓制國內(nèi)利率方式以控制沖銷成本,并注意根據(jù)沖銷成本的高低來把控沖銷力度,當(dāng)沖銷成本低時(shí)加大沖銷力度,在沖銷成本較高時(shí)減少沖銷力度。可見,央行確實(shí)考慮了沖銷成本對沖銷干預(yù)政策可持續(xù)性的影響。但隨著市場化的推進(jìn)與有利于大規(guī)模沖銷的制度因素的改革,我國央行控制沖銷成本的難度將進(jìn)一步加大,央行沖銷干預(yù)政策的可持續(xù)性將進(jìn)一步受到削弱與挑戰(zhàn)。
問題補(bǔ)充: |
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2013-05-23 12:21:38
正在翻譯,請等待...
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2013-05-23 12:23:18
正在翻譯,請等待...
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2013-05-23 12:24:58
This article examined our country central bank through the SVAR model to reverse the cost with to reverse between the intervention policy the dynamic relations.The real diagnosis analysis indicated, central bank when foreign exchange reserve inflow aggravating, can control through the suppressed dom
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2013-05-23 12:26:38
This article by SVAR model checking people's Bank of China reverse the dynamic relationship between cost and sterilized intervention policy. Empirical analysis shows that the Central Bank's foreign exchange reserves into the intensified, through repression of domestic interest rates to control the o
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2013-05-23 12:28:18
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