화폐통합과 실질가치연동 가격의 척도

국문 초록 (Abstract)

경제통합단계에서 점진적 화폐통합을 추진하는 경우 단일화폐 도입 이전까지는 통합대상 화폐간 환율의 불확실성 문제에 불가피하게 직면하게 된다. 이러한 불확실성 문제를 완화하기 위해 실질가치연동 가격의 척도를 도입하는 방안을 고려할 수 있다. 본고에서는 화폐탐색 일반균형모형을 이용하여 도입 및 운영에 있어 비용이 수반되는 실질가치연동 가격의 척도가 단일화폐 도입 이전의 단계에서 사회후생을 개선할 수 있는지 여부를 살펴보았다. 분석 결과 통합대상 화폐간 환율의 변동성이 크고 대외거래의 빈도도 충분히 높은 경우 실질가치연동 가격의 척도 도입은 사회후생을 개선할 수 있으나 환율이 안정적이거나 대외거래의 빈도가 높지 않을 경우에는 실질가치연동 가격의 척도 도입이 오히려 사회후생을 악화시키는 것으로 나타났다.

목차 (Table of Contents)

• Ⅰ. 서 론·····································································································1
• Ⅱ. 기본모형······························································································5
• Ⅲ. 대칭적 균제균형··············································································8
• 1. 오전시장에서의 거래 ······································································8
• 2. 오후시장에서의 거래 ······································································9
• 3. 실질가치연동 가격의 척도가 도입된 경제 ······························14
• Ⅳ. 명목 가격척도와 실질 가격척도···········································19
• Ⅴ. 맺음말·································································································27
• Ⅵ. 부록·····································································································30
• Ⅶ. 참고문헌····························································································33