基于利率平价的国际资本流动对新兴金融市场冲击的理论探讨

在探讨利率平价理论模型的基础上，提出国际资本流动对汇率决定机制的作用．并以利率平价模型的变化分析新兴金融市场的非均衡状态，指出高利率政策的弊病，最后提出了防范国际资本流动冲击的若干对策．

The Study of Theory on Interest Rate Parity with International Capital Movements Assault New and Developing Financial Market

International financial crises frequently broke out. It brings about serious harm to world's economics, and increasing causes extensive concern of economists. This whole first inquires into interest rate parity theory model and dicusses international capital movement affecting foreign exchange rate on the base of the model. The authors described interest rate parity model's change and analyzed state of unbalance in new and developing financial market. Then pointed into the harm of high interest rate policy. Finally preventing counter measures on international capital movements assault are put forward by the authors.