Journal of East China Normal University (Philosophy and Social Sciences) >

2005 , Vol. 37 >Issue 6: 105 - 112

DOI: https://doi.org/10.16382/j.cnki.1000-5579.2005.06.015

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

  • Hua YUE
Expand

Received date: 2005-06-01

  Online published: 2005-06-25

Fold

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

Cite this article

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 . DOI: 10.16382/j.cnki.1000-5579.2005.06.015

References

1 Greif , A. ., 1991, "The Organization of Long-Distance Trade: Reputation and Coalitions in the Geniza Docunents and Genoa During the Eleventh Centuries", Journal of Economic History, Vol.51 No.2, paper 459- 463.
2 Bagwell , K. , Staiger , R. ., 1990, "A Theory of Manage Trade", American Econornic Review, Vol.80 No.9, paper 779- 795.
3 Cooper, R.N., 1975, Prolegomena to the Choice of an Internaltional Monetary System, In Bergsten C. F. and Krause L. B. (eds. ), World Politics and International Economics.
4 Riker , W. H. , P. C.Ordeshook . 1973, An Introduction to Pasitiue Political Theory.Englewood Cliffs: NJ: Prentice Hall.
5 Olson, M., 1965, The Logic of Collective Action: Public Coods and the Theory of Groups. Harvard Economic studies, Cambridge: Harvard University Press, 124: 370 - 391.
6 Olson , M. , R. Zeckhauser ., 1966, "An Economic Theory of Alliunces", Review of Economics and Statistics, Vol.48, paper 266- 279.
7 Obstfeld , M. ., 1997, "Destabilizing Effects of Exchange-Rate Escape Clauses", Journal of International Economics, Vol.42, paper 617.
8 Harnada, K., 1985, The Politiul Econorny of Eoonomic Intergration, Cambridge MIF Press.
9 Canzoneri, M.B. and D. W. Henderson, 1991, Monetary Policy in Interdependent Economies: A Cane-Theoretic Approach, MA: MIT Press.
10 Abreu , D. ., 1986, "External Equilibria of Oligopolistic Supergarnes", Journal of Economics Theory, Vol.39, paper 191- 225.
Options
Outlines

/

〈 〉