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月乔DD · 2020年11月01日

问一道题:NO.PZ2018091706000057

问题如下:

 If the emerging market country used capital controls instead, this approach would:

选项:

A.

lead to a less independent monetary policy 

B.

be more likely to succeed when capital flows are less persistent 

C.

require that the ratio of foreign exchange reserves to FX market turnover be high 

解释:

Although the empirical evidence is mixed, to a large extent the relativesuccess of capital controls depends on the magnitude and persistence of the capitalinflows that the policymakers are trying to resist (the less persistent, the higher theeffectiveness). A successful capital control policy tends to increase, not decrease,monetary policy independence. As a regulatory measure, capital controls do not dependdirectly on the level of foreign exchange reserves.

解析:尽管经验证据好坏参半,但在很大程度上,资本管控的有效力取决于政策制定者试图抵御的资本流入的规模和持续性(持续性越弱,有效性越高)。所以B选项正确。

一个成功的资本管控政策倾向于增加而不是减少货币政策的独立性。所以A选项错误。

作为一项监管措施,资本管制并不直接取决于外汇储备水平。所以C选项错误。


请问C选项是什么意思?可以翻译一下么?不太懂。

2 个答案

丹丹_品职答疑助手 · 2020年11月15日

同学你好,c选项的意思是新兴国家会将外汇储备和外汇交易额的比例控制的比较高,是一个ratio,请知悉

丹丹_品职答疑助手 · 2020年11月01日

嗨,从没放弃的小努力你好:


c选项的意思是新兴国家会将外汇储备和外汇交易额的比例控制的比较高。但实际上我们并不利用外汇储备水平作为资本管控的手段


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