现代汇率决定理论

本文按照汇率决定理论的发展，将其划分为经典汇率决定理论、现代汇率决定理论和当代汇率决定理论三个阶段。

According to the development of exchange rate determination theory , it can be classified as the classic exchange rate determination theory , the modern exchange rate determination theory and the contemporary exchange rate determination theory .

现代汇率决定理论主要是指汇率决定理论的资产市场方法，包括：货币模型、货币替代模型和资产组合模型，其中货币模型可以分为弹性价格模型和粘性价格模型；

As the main part of modern exchange rate determination theory , the capital market method of exchange rate determination theory includes the currency model which includes elastic price model and viscous price model , the currency substitution model and the portfolio model .

基于现代汇率决定理论的人民币与新台币汇率定价研究

The Study Based on Modern Exchange Rate Theory of RMB and NTD Pricing

现代汇率决定理论从研究汇率期限的长短上可以划分为长期的汇率决定理论和短期的汇率波动理论；从研究着眼点的不同可以划分为基本宏观变量学派和非基本宏观变量学派；

It can be divided into long-term theory of exchange rate determination and short-term theory of exchange rate fluctuation , fundamentalism school and non-fundamental school respectively according to time term and contents ;

本文的框架结构分为四个部分：第一部分是本文的理论基础，介绍了金本位制崩溃之后提出的汇率决定理论，分为早期汇率决定理论和现代汇率决定理论。

The main framework of this paper includes four parts : The first part is the theoretical basis of this paper , which introduced exchange rate determination theories after the collapse of the gold standard .

在对国内外学者对现代汇率决定理论研究的基础上，发现现代汇率决定理论的具有以下五大规律：汇率决定理论的演变和发展与货币本位制度及国际金融体系的演变和发展密切相关；

This paper , based on the study of modern theories of exchange rate determination , finds the evolution process of theory of exchange rate determination has five rules : it has a close relationship with the evolution and development of monetary standard system and international finance system ;