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小型開放經濟體系下信用機制對於貨幣政策和浮動匯率的影響 / The credit channel of monetary policy and exchange rate flexibility in a small open economy

The objective of this study is to consider the credit channel operation under a small open economy by including the banking sector and money in a dynamic stochastic general equilibrium (DSGE) model. This study examines the role of the banking sector in a small open economy and the impact of the degree of economic openness. In the steady state analysis, we find that the banking sector’s efficiency and the degree of the openness of an economy will affect the equilibrium. The dynamic analyses show the exchange rate movement amplifies the responses of the economy to exogenous shocks.

Identiferoai:union.ndltd.org:CHENGCHI/G0096258015
Creators楊馥珉, Yang, Fu Min
Publisher國立政治大學
Source SetsNational Chengchi University Libraries
Language英文
Detected LanguageEnglish
Typetext
RightsCopyright © nccu library on behalf of the copyright holders

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