Currency Crisis In An Open Economy The Formation, Evolution, Research, Prevention And Control Mechanisms

Research on currency crisis under open economy is a complicated issue of multi-level and multi-perspective. To carry on a systematic and deep investigation in this issue entails an accurate point cut. By theory review and research orientation, the thesis brings forward an occurrence-evolution-prevention research frame on currency crisis. Factor analysis based on accurate apprehension of the meaning of currency crisis provides the threshold for the study of latent currency crisis factors in our country at present stage, supplies the basis for theory analysis of currency crisis in the next chapter. During theory analysis, the author compares the three generations of currency crisis model, modifies the interest rate parity in the premise of the traditional model according to the reform and opening progression of China's finance market, and then establishes a currency crisis model consistent with the situation of our country. As the continuation of theory analysis, the author separately investigates speculative means and channel in the course of currency crisis evolution, explores the potential ways at present to speculate in our country, and illustrates them in diagram. In succession, the author specially studies the diffusion mechanism in the course of currency crisis evolution, and puts forward several hidden currency crisis contagion channel suitable to the opening level and developing condition of the finance market of China. Based on preceding research, the author constructs the prevention system against currency crisis under open economy, and presents special efficient countermeasures for our Country. According to the train of thoughts above, the article is divided into 6 chapters:...