维持固定汇率实际货币供给外币储蓄的本币收益实际国内-1pdfnet.PPT

Fixed Exchange Rate Foreign Exchange Intervention Fixed exchange rate: end of World War II-1973 Hybrid system (managed floating): after 1973 feature: central banks routinely intervening Chinese version Fixed exchange rates? Managed floating Regional currency arrangements Developing countries and countries in transition Lessons of the past for the future Central bank intervention the money supply central bank transactions in asset markets the central bank balance sheet according to the principles of double-entry bookkeeping double-entry bookkeeping Changes in the central bank’s assets cau