英语翻译Theaimofchapter2istofillso-查字典问答网
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  英语翻译Theaimofchapter2istofillsomeofthegapspresentinexistingstudies.Startingfromthehypothesisthatobservedregimediscrepanciesaresystematic,i.e.,nottheresultofrandompolicyerrors,itprovidesevidencefortheexistence

  英语翻译

  Theaimofchapter2istofillsomeofthegapspresentinexistingstudies.Startingfromthehypothesisthatobservedregimediscrepanciesaresystematic,i.e.,nottheresultofrandompolicyerrors,itprovidesevidencefortheexistenceofsystematicelementsinobservedregimediscrepanciesbylinkingthemtospecificcountrycharacteristics.Themainempiricalfindingisthatcountriestendtocommunicateexchangerateregimesat

  thecornersoftheflexibilityspectrum,i.e.,eitherfixedorflexibleregimes,buttooperateintermediateregimes.Whethercountriesannounceafixedorflexibleexchange

  ratedependsoncountrycharacteristics,inparticularrelatedtotradestructure,financialdevelopment,andfinancialopenness.Also,countriesatdifferentstagesofeconomic

  andfinancialdevelopmentdifferinthenatureofregimediscrepancies.Finally,the

  decreasingfrequencyofcountriesmanagingtheirexchangeratelessthanannouncedandtheincreasingoccurrenceofcountriesinterveningmorethanannouncedalignwith

  broadereconomictrendsanddevelopmentsworldwiderelatedtofinancialglobalizationandchangesinmonetarypolicydesign.

  Theseparationofcommunicationandimplementationofexchangeratepolicymayprovidepolicymakerswithanadditionaltooltotacklechallengesfromfinancialglobalization.

  Inaneraofhighfinancialintegrationandcapitalmobility,countriesmaynotberestrainedtochoosebetweenpursuinganindependentmonetarypolicyandstableexchange

  rateswhilerefrainingfromcapitalcontrols.Fornumerouscountriestheoptimalpolicymaybeneitherofthetwoextremesbutacombination.However,asintermediate

  exchangerateregimesaredifficulttocommunicate,see,e.g.,Frankel,Fajnzylber,SchmuklerandServen(2001),countriesmayfinditoptimaltouseexchangerateregime

  announcementsandadivergingimplementationasasecondbestpolicy.Theempiricalpatternspointattheroleofmonetarypolicywithinthemacroeconomicpolicytrilemma.Especiallyemergingmarketeconomiesthatadoptedinflationtargeting

  and,hence,announceflexibleexchangerates,managetheirexchangeratemoretha

1回答
2020-05-18 20:51
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韩艳丽

  第2章的目标将填补某些空白当前在现有的研究中.从假说开始被观察的政权差误是系统的,即,任意政策错误的不是结果,它为系统的元素的存在被观察的政权差误提供证据通过连接他们给具体国家特征.主要经验主义发现是国家倾...

2020-05-18 20:55:04

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