| 引入央行干预的汇率决定混沌模型构建 |
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| 引用本文： | 孙倩.引入央行干预的汇率决定混沌模型构建[J].武陵学刊,2012(2):60-64. |
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| 作者姓名： | 孙倩 |
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| 作者单位： | 湖南城市学院商学院;中南大学商学院 |
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| 基金项目： | 湖南省哲学社会科学基金项目“基于混沌分析方法的人民币汇率决定理论与实证研究”(08YBB323);湖南省城市经济研究基地资助 |
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| 摘 要： | 与股票、商品市场等相比,外汇市场上存在中央银行的干预,中央银行的干预对汇率变动和外汇市场的有效性有决定性的影响,因此汇率决定混沌模型应该引入央行干预。在基本的汇率决定混沌模型和扩展的汇率决定混沌模型基础上,对模型参数进行改造,建构了依据央行干预外汇市场的目标分类的"逆风向干预"和"目标干预"的汇率决定混沌模型,具有重要的现实指导意义。
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| 关 键 词： | 央行干预 汇率决定 混沌模型 |
Construction of Exchange Rate Determining Mode with Central Bank Interference |
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| Authors: | SUN Qian |
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| Institution: | SUN Qian1,2(1.Business School,Hunan City University,Yiyang 413002,China; 2.Business School,Central South University,Changshang 410082,China) |
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| Abstract: | Compared with stock and commercial markets,foreign exchange market is intervened by central bank,and the intervention from central bank has determining effects on exchange rate change and validity of foreign exchange market.Therefore,central bank’s intervention should be introduced into exchange rate determining mode.This paper,based on basic exchange rate determining mode and extended exchange rate determining mode,modifies existing mode parameters and constructs "leaning against the wind intervention" exchange rate determining mode and "target intervention" exchange rate determining mode according to the objective classification of central bank’s intervention,which is of significance for practice. |
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| Keywords: | Central Bank intervention exchange rate determining chaotic |
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