汇率目标区是一种中间汇率制度。
本文介绍汇率目标区的基本模型。
This paper presents introduction of the target zone exchange rate system.
汇率目标区正是这种寻求的结果之一。
The exchange rate target zone is one of the results of the exploration exactly.
第二部分，汇率目标区理论与欧洲的实践。
Second part, the theory of exchange rate target zone and the practice of Europe.
中央银行外汇市场干预的不同决定了汇率目标区制中类型的不同。
Categories of target zone system of exchange rate depend on different intervention of the central bank.
比如，最优货币权重、人民币均衡汇率的计算，汇率目标区的波动幅度等。
The last section constructs a narrow band, open and hard target-zone exchange rate regime of RMB which is practical and operable.
因此，当前我国中短期宜采用人民币汇率目标区制度，长期应实行人民币浮动汇率制度。
Therefore, China should give up RMB pegging exchange rate system at present, carry out RMB exchange rate target zone system in the mid and short term and practice RMB floating exchange rate...
汇率目标区的基准汇率应选择均衡汇率，理论上这种均衡汇率应是能同时反映一国内外部均衡的汇率。
The benchmark rate of the target zone should be an equilibrium rate which can reflects both of internal and external equilibrium simultaneously.
克鲁格曼的汇率目标区理论和实证分析，可以较好的适用于中国经济转型期，并是一个现实的、可行的选择。
The target zone exchange rate model of Krugman and the demonstration effect can be suitable in the process of economic transition, and it is a realistic and feasible choice for China.
实际上，该汇率目标只是一个上限，而非下限；如果转换为交叉汇率的话，瑞士人希望每个瑞郎的价值不要超过83.33欧分。
In reality, the target rate is a ceiling, not a floor; if you turn the cross-rate round, the Swiss want the franc to be worth no more than 83.33 euro cents.
法德两国的出口商至少就一初步目标达成一致：在内部市场中利用统一货币消除汇率风险，包括竞争性贬值在内。
French and German exporters at least agreed on a more modest goal: a single currency to end exchange-rate risks within the internal market, including competitive devaluations.
而这与改变汇率的目标是一致的。
These were consistent with the goal of altering the exchange rate.
类似墨西哥那样汇率更弹性通胀目标更明确的新兴国家作的要好些。
Countries, such as Mexico, that have more flexible exchange rates and are more committed to inflation targets have done better.
即使短期内人民币汇率自由浮动无法实现，这也一定是一个长期目标。
Even if a free float of the yuan cannot be realized in the short term, it must be a long-term goal.
由于其目标汇率基于欧元，因此预计将被购入的是欧元。
Since the target rate is based on the euro, presumably it will buy euros.
但，这一目标的实现很大程度上有赖于日元对美元汇率。
当这组非具体目标的指引实行时，会适当考虑到汇率、财政、货币或者其他政策手段。
When the guidelines which are not targets materialise, they will take "due consideration of exchange-rate, fiscal, monetary and other policies".
正如市场普遍预期的那样，澳洲联储维持其现金利率目标在2.50%不变，同时重申审慎的做法是稳定汇率，澳元因此保持在历史高位。
As widely expected, the RBA kept its cash rate target unchanged at 2.50%, reiterating that the prudent course is stable rates and that AUD remains high by historical standards.
然而汇率稳定不是人民币汇率的终极目标。
However, the stabilization of exchange rate is not the ultimate aim.
然而汇率稳定不是人民币汇率的终极目标。
However, the stabilization of exchange rate is not the ultimate aim.
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