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两岸货币清算机制下关于新台币与人民币汇率之研究

【中文摘要】:在当前的变动的经济环境与机会之下,中国当局已经开始加速其所使用的货币,人民币,国际化程度。且人民币已经逐渐在世界经济中扮演着重要的角色。此外,人民币与新台币之间的紧密关係更由彼此互动相当频繁可显见,更特别的是在2012年8月31日所签订的两岸货币清算合作备忘录,藉由两国之间的银行在彼此的国家设立分行,减少汇率兑换的成本与风险,更可以降低彼此经济上的障碍,两国之间的直接汇率便成为了举足轻重的媒介之一。这篇文章完成了先以Kuo(2011)的模型进行实证分析验证新台币与美元之间的均衡汇率的决定,也因此可以在进而对于人民币与新台币互换的汇率提供正确的模型进行估计。最后,可以在逐渐成熟的两岸货币互换机制之下,提供台湾当局在决策制定与汇率均衡的决定下提供参考的依据。
【英文摘要】:In this economic environment and opportunity, China authorities has accelerated the internationalization of China Yuan and played a significant role all over the world. Besides, the close relationship between Chinese and Taiwan cause us interact more frequently. Especially, after we had completed the contract of "cooperation of cross-strait currency settlement memorandum” on 31th August, 2012. Here, we intends to complete this research issues by the empirical studies which is based on Kuo (2011) who offers a complete and correct model to get the exchange rate between CNY and TWD. Eventually, we not only overcome the problem that CNY and TWD are not international currency, but also try to estimate the equilibrium exchange rate by the Kuo (2011) model under the settlement mechanism. After all, we show some valuable findings and contributions in the article which can be expected helpful for the future decision for Taiwan’s authorities making with China.
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  • 来源:中山大学;作者:王冠婷
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