由于欧洲货币体系中的汇率机制（ERM）是现实中最典型的汇率目标区制度，故其成员国汇率被选作为实证研究的样本。
Exchange rates of member countries of the European Monetary System are chosen as sample in the empirical study , because the Exchange Rate Mechanism is one typical exchange rate TZ regime .
欧洲货币汇率机制