1) the Hypothesis of the Vanishing Intermediate Regime

中间汇率制度消亡论
2) vanishing of intermediate exharge rate

中间汇率制度消失论
3) intermediate regime

中间汇率制度
1.
This paper extends the Mundell-Flemming Model under the intermediate regime.

将其拓展到中间汇率制度下发现,无论资本的流动性如何,扩张性的财政政策和货币政策基本有效,其效应介于固定汇率制和浮动汇率制的情况之间。
4) hollowing of the middle

中间制度消失论
1.
One of its focal issues under debate is about the exchange rate regime, and the view that intermediate exchange rale regimes are no longer viable (hollowing of the middle) particularly arouses heated discussions and debates.
其中,尤为引人关注的是“中间制度消失论”的兴起,由此激起了各方热烈的讨论和交锋。
补充资料:中间汇率(middlerate)
亦称中间价。银行买入汇率和卖出汇率之间的平均汇率,即将银行买入汇率加上卖出汇率之和再除以2得出的平均数。企业发生外币业务时,在会计上入账一般采用中间汇率。
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