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Do đó, có thể đánh giá. .. Mỹ và tỷ giá hối đoái (Bảng 19-22) Các chính sách cung tiền khác cũng cho thấy sự biến động tương tự 30 Trong trường hợp tỷ giá thả nổi với một quy luật cung tiền mà chúng ta mong đợi, P (Δm/m, < xC |Cố định) < P (Δm/m, < xC | Thả nổi) Thay vào đó, chúng ta thấy rằng sự thay đổi của cung tiền là cao nhất đối với các nước có tỷ giá thả nổi, đặc biệt là các nước EMs 3 Tỷ giá, giá cả hàng... chế tỷ giá thả nổi linh hoạt có giới hạn Cũng không có sự khác biệt trong ý nghĩa thống kê giữa các tỷ giá linh hoạt có giới hạn và tỷ giá cố định 22 Chúng tôi chấp nhận kết quả trong phần này Từ bảng 2-5, chúng ta có, P (ε < XC |Cố định) = 95,3> P (ε < XC |Linh hoạt có giới hạn) = 92.0> P (ε < XC |Thả nổi có quản lý = 87,5> P (ε P (x < xC | Thả nổi) với x = ε Trong sách giáo khoa, xác suất thay đổi tỷ giá hối đoái hàng tháng nằm trong biên độ 1% là lớn nhất đối với cơ chế tỷ giá cố định và thấp nhất với cơ chế tỷ giá thả nổi tự do, với hai lo i cơ chế khác thì nằm ở... hẹp của các cơ chế khác Trong khi giá trị xác suất trung bình mà tỷ giá hối đoái nằm trong biên độ 2,5% là khác nhau đáng kể khi so sánh cơ chế tỷ giá cố định với cơ chế tỷ giá thả nổi tự do, sự khác biệt giữa các cơ chế khác không rõ ràng Ví dụ, xác suất trung bình mà ε . a.+a= *!&++-'$!.n8887oA.IGU7$[;B&Q$GI..&L(4M..I4f0#GI4 2D7@&G+O$AMA>2$.[4M..$S}2DAMA.g2M&O;@$+O$ 9?@A$!AR&AGŒ+>&L(4M. 9!=7$[;B&Q$GI.2Z4D$&2[.?DAC!+$KA.<.C$F(J. 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