fixed exchange rate system

简明释义

固定汇率制

英英释义

例句

1.The fixed exchange rate system 固定汇率制度 was abandoned in favor of a floating exchange rate in the 1990s.

在1990年代，固定汇率制度 fixed exchange rate system被放弃，转而采用浮动汇率制。

2.The government decided to implement a fixed exchange rate system 固定汇率制度 to stabilize the national currency.

政府决定实施一个固定汇率制度 fixed exchange rate system以稳定国家货币。

3.Many economists argue that a fixed exchange rate system 固定汇率制度 can lead to economic imbalances.

许多经济学家认为，固定汇率制度 fixed exchange rate system可能导致经济失衡。

4.Under a fixed exchange rate system 固定汇率制度, the central bank must intervene in the foreign exchange market.

在固定汇率制度 fixed exchange rate system下，中央银行必须干预外汇市场。

5.Countries with a fixed exchange rate system 固定汇率制度 often face challenges in maintaining their currency value.

采用固定汇率制度 fixed exchange rate system的国家通常在维持货币价值方面面临挑战。

作文

The concept of a fixed exchange rate system refers to a monetary system in which the value of a country's currency is tied or pegged to another major currency or a basket of currencies. This system is designed to provide stability in international prices and reduce the risks associated with currency fluctuations. Countries that adopt a fixed exchange rate system aim to maintain their currency's value within a narrow band, which can help foster trade and investment by minimizing uncertainty in exchange rates.One of the primary advantages of a fixed exchange rate system is that it provides a stable environment for international trade. When businesses know that the exchange rate will not fluctuate significantly, they can plan their operations and pricing strategies more effectively. This stability can encourage foreign direct investment, as investors are more likely to commit capital in an environment where they can predict costs and revenues without the fear of sudden currency devaluation.However, maintaining a fixed exchange rate system can also pose significant challenges. For instance, if a country’s economic fundamentals change—such as a decline in exports or an increase in inflation—the fixed rate may no longer reflect the true market value of the currency. In such cases, the government may need to intervene by buying or selling its own currency to maintain the peg. This can deplete foreign exchange reserves and lead to economic instability if not managed carefully.Moreover, countries operating under a fixed exchange rate system may find it difficult to respond to economic shocks. For example, during a global financial crisis, a country with a fixed exchange rate may struggle to adjust its monetary policy to stabilize its economy. The inability to devalue the currency can lead to prolonged periods of economic stagnation or recession, as the country cannot use exchange rate adjustments as a tool to regain competitiveness.In contrast, many countries prefer a floating exchange rate system, where the currency value is determined by market forces. This allows for greater flexibility in responding to economic changes and shocks. However, floating exchange rates can lead to increased volatility, making it more challenging for businesses to plan for the future.In conclusion, the fixed exchange rate system offers both benefits and drawbacks. While it can promote stability and predictability in international transactions, it also requires careful management and can limit a country's ability to respond to economic changes. Policymakers must weigh these factors when deciding whether to adopt or maintain a fixed exchange rate system. Ultimately, the choice between a fixed and floating exchange rate system depends on a country's specific economic conditions and policy goals. Understanding the implications of a fixed exchange rate system is crucial for economists, policymakers, and business leaders alike, as it shapes the landscape of international finance and trade.

“固定汇率制度”的概念是指一种货币制度，其中一个国家的货币价值与另一种主要货币或一篮子货币挂钩或固定。该制度旨在提供国际价格的稳定性，减少与货币波动相关的风险。采用“固定汇率制度”的国家旨在将其货币的价值维持在一个狭窄的范围内，这可以通过最小化汇率的不确定性来促进贸易和投资。“固定汇率制度”的主要优点之一是它为国际贸易提供了稳定的环境。当企业知道汇率不会大幅波动时，他们可以更有效地规划运营和定价策略。这种稳定性可以鼓励外国直接投资，因为投资者更有可能在一个可以预测成本和收入的环境中投入资本，而不必担心突然的货币贬值。然而，维持“固定汇率制度”也可能带来重大挑战。例如，如果一个国家的经济基本面发生变化——例如出口下降或通货膨胀上升——固定汇率可能不再反映货币的真实市场价值。在这种情况下，政府可能需要通过买入或卖出自己的货币来干预以维持固定汇率。这可能会耗尽外汇储备，并在管理不当的情况下导致经济不稳定。此外，在“固定汇率制度”下运作的国家可能发现难以应对经济冲击。例如，在全球金融危机期间，固定汇率的国家可能难以调整其货币政策以稳定经济。无法贬值货币可能导致经济停滞或衰退的长期时期，因为该国无法利用汇率调整作为恢复竞争力的工具。相比之下，许多国家更喜欢浮动汇率制度，在这种制度下，货币价值由市场力量决定。这允许在应对经济变化和冲击时具有更大的灵活性。然而，浮动汇率可能导致波动性增加，使企业更难规划未来。总之，“固定汇率制度”提供了优缺点。虽然它可以促进国际交易的稳定性和可预测性，但它也需要谨慎管理，并可能限制一个国家应对经济变化的能力。政策制定者在决定是否采用或维持“固定汇率制度”时必须权衡这些因素。最终，选择固定汇率还是浮动汇率制度取决于一个国家特定的经济条件和政策目标。理解“固定汇率制度”的影响对于经济学家、政策制定者和商业领袖来说至关重要，因为它塑造了国际金融和贸易的格局。