ユーロ市場分析 : 規制コスト・ユーロリスク・貸出市場不効率性アプローチ

概要

論文の詳細を見る
I investigated policy implication concerning the world of arbitrage between euro and diomestic markets through model analysis. The model I operated here is so called the general equilibliam approach. The feature of the model is that I introduced three exogeneus parameters ; regulation cost, euro-risk and inefficiency of domestic loan market. Some of important implications are derived from static comparatives. First, the existence of euro market makes policy less effective. Secondly, I found various multiplier concepts regarding avove mentioned exogeneus parameters and could showed the growth and contract mechanism of euro market. That is euro markets can enlarge when inefficiency of domestic loan market and regulation cost increases and when euro-risk decreases.
福山大学の論文
1996-12-25