EPT EPT
1 exchange rate pass through EPT 1 Goldberg and Knetter 1997 Rincon etc., 2005 2 EPT 100 EPT Dornbusch 1973 Bruno 1978 3
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1 J 1 EPT, EPT EPT 2
EPT EPT 3 EPT EPT 4 EPT EPT 5 EPT EPT
6 EPT 7 8 J EPT EPT EPT 9 Bacchetta Wincoop 2002 EPT
EPT 2 1 Talyor [2000] 2003 NOEM 2 Obstfeld Rogoff(2000) Duarte Stockman 2001 EPT Devereux Engle 2002 Local-currency pricing EPT EPT
EPT EPT EPT 1 2
1 2005 1-9 1-9 90,644 28,463 13,209 7,708 1,024,834 473,308137,436 72,81337,29553,119 46,227 11,4228,471 3,602,881 1,399,875531,390 195,931114,604 376,444 236,713 130,08373,83495,483 2,935,161 1,126,241 336,124 344,224135,945 479,94752,123 612 68,474 28,76627,208 241 http://www.google.com 2004 74 127.23 50.5% 21.43 122.62004
2003 74.91 105.80 83.97% 288 7.91% 396 25.17 2004 120 11.6 12.4 92.4 107.6 16.7 2005 1-9 1 3 2% 30% 1999 2006 2006 5% 20% 2006 1 1 2
2006 1 1 5000 2.5% 100 55% 23% 78% 1:10 2006
4 2005 6 5 BHP 2004 1450 372004 1676 8.8 20 2004 330 200 1 2004
2 2004 () 350 14 300 250 200 12 10 8 6 150 100 50 4 2 0-2 0-4 http://www.google.com Phelps Dodge BHP Billiton Rio Tinto Grupo Mexico Phelps Dodge Rio Tinto BHP Billiton 6
CCC 200 : =(LME ) (1 ) (1) 7 8 9
10 11 12 EPT EPT
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