汇率超调

传统的[多恩布什（Dornbusch）]汇率超调模型（overshootingmodel）显示，过度偏离均衡的汇率必须达到某一价位，向投资者保证未来汇率的升幅足以弥补相对回报率的下降。

The traditional ( Dornbusch ) overshooting model suggests the overshooting currency must reach a level that promises investors future currency gains to make up for the reduced relative return .

经典理论认为，均衡汇率是指使宏观经济处于理想状态的汇率水平，包括购买力平价理论（purchasingpowerparity）、利率平价理论（interestrateparity）、汇率超调模型（overshootingmodel）等。

The thought of the classic , which includes the purchasing power parity theory ( PPP ), the interest rate parity theory , the overshooting model of exchange rate , etc. , argues that the EER is the level that macro-economy is in desired condition .

弹性汇率制下，利率平价机制作用使国际市场利率变化的经济冲击随资本管制度降低而增强，更易发生汇率超调。

Under the springy exchange rate system , the action of fair mechanism of interest rate will make the economic shock of the international market interest rate increase with the decrease of the capital control system , thus the over regulation of exchange rate will easily happen .