An Analysis of the Choice of International Exchange Rate Regimes in the Perspective of the Game Theory

doi:10.16382/j.cnki.1000-5579.2005.06.015

Abstract

Abstract:

The choice of international exchange rate regimes is like a game since those countries participating in a specific system will make their choices just according to their cost and benefit.All exchange rate regimes must deal with the tradeoff between rule and discrition, as well as between cooperation and independence.Generally speaking, a country's tradeoff is between consulting and acting in unison with other countries, that is, cooperation, or it operates as a member of the community but acts on its own, that is, independence.

Key words: international exchange rate, the game theory, cost, benefit

CLC Number:

Hua YUE. An Analysis of the Choice of International Exchange Rate Regimes in the Perspective of the Game Theory[J]. Journal of East China Normal University (Philosophy and Social Sciences), 2005, 37(6): 105-112.

Figures/Tables 10

References 10

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