The interaction between the spot market and the forward market: an analysis of imperfect capital mobility

碩士 === 東吳大學 === 經濟學系 === 93 === Abstract This paper develops a perfect foresight macroeconomic model under imperfect capital mobility, in which speculators are assumed to be risk averse. Based on the framework of Eaton and Turnovsky (1982), we introduce the commodity market setting of Dornbushch (1...

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Main Authors: Hsiao-wei Lin, 林曉薇
Other Authors: Ching-chong Lai
Format: Others
Language:zh-TW
Published: 2005
Online Access:http://ndltd.ncl.edu.tw/handle/y7zxww
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spelling ndltd-TW-093SCU053890372019-05-15T19:19:46Z http://ndltd.ncl.edu.tw/handle/y7zxww The interaction between the spot market and the forward market: an analysis of imperfect capital mobility 即期外匯市場與遠期外匯市場的互動關係:資本不完全移動的分析 Hsiao-wei Lin 林曉薇 碩士 東吳大學 經濟學系 93 Abstract This paper develops a perfect foresight macroeconomic model under imperfect capital mobility, in which speculators are assumed to be risk averse. Based on the framework of Eaton and Turnovsky (1982), we introduce the commodity market setting of Dornbushch (1976). The discussion distributed into two cases for different situations in relative capital mobility. We analyze the effects of various permanent disturbances on the economy and how the exchange rates respond to the permanent changes in the foreign price level, foreign interest rate and central bank’s forward market intervention. Ching-chong Lai 賴景昌 2005 學位論文 ; thesis 49 zh-TW
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description 碩士 === 東吳大學 === 經濟學系 === 93 === Abstract This paper develops a perfect foresight macroeconomic model under imperfect capital mobility, in which speculators are assumed to be risk averse. Based on the framework of Eaton and Turnovsky (1982), we introduce the commodity market setting of Dornbushch (1976). The discussion distributed into two cases for different situations in relative capital mobility. We analyze the effects of various permanent disturbances on the economy and how the exchange rates respond to the permanent changes in the foreign price level, foreign interest rate and central bank’s forward market intervention.
author2 Ching-chong Lai
author_facet Ching-chong Lai
Hsiao-wei Lin
林曉薇
author Hsiao-wei Lin
林曉薇
spellingShingle Hsiao-wei Lin
林曉薇
The interaction between the spot market and the forward market: an analysis of imperfect capital mobility
author_sort Hsiao-wei Lin
title The interaction between the spot market and the forward market: an analysis of imperfect capital mobility
title_short The interaction between the spot market and the forward market: an analysis of imperfect capital mobility
title_full The interaction between the spot market and the forward market: an analysis of imperfect capital mobility
title_fullStr The interaction between the spot market and the forward market: an analysis of imperfect capital mobility
title_full_unstemmed The interaction between the spot market and the forward market: an analysis of imperfect capital mobility
title_sort interaction between the spot market and the forward market: an analysis of imperfect capital mobility
publishDate 2005
url http://ndltd.ncl.edu.tw/handle/y7zxww
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