Adjustment Of Exchange-rate System In Five East Asia Countries After

Abstract

东亚金融危机之后,东亚五国对汇率制度进行了调整,大部分国家都采用了更加灵活的管理浮动汇率。2005年起,由于美元贬值,东亚各国兑美元汇率大幅升值,且加大了波动。通过对东亚五国汇率制度调整的研究,本文认为,通过对资本流动的管制和对外汇市场的干预,维持管理浮动汇率制度,东亚五国的汇率政策调整取得了成功。After financial crisis,five East Asia countries adjusted their exchange-rate system,Most of they adopted management floating exchange-rate.From 2005,Because of dollar devaluation,These countries' exchange-rate fluctuated acutely and appreciated rapidly.The author agrees with five countries' adjustment of exchange-rate system.By regulating capital flow and interfering foreign exchange market,they maintained the management floating exchange-Rate system

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