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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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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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.
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Ching-chong Lai |
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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 |
work_keys_str_mv |
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