fixed currency

简明释义

固定通货

英英释义

例句

1.A fixed currency can help reduce exchange rate risk for businesses engaged in international trade.

对于参与国际贸易的企业而言，固定货币可以帮助减少汇率风险。

2.Investors are attracted to nations that maintain a fixed currency due to perceived stability.

由于感知的稳定性，投资者被维持固定货币的国家吸引。

3.Countries with a fixed currency often have lower inflation rates.

拥有固定货币的国家通常通货膨胀率较低。

4.The central bank intervened to maintain the value of the fixed currency against foreign currencies.

中央银行干预以维持固定货币对外币的价值。

5.The government decided to implement a fixed currency policy to stabilize the economy.

政府决定实施固定货币政策以稳定经济。

作文

In today's global economy, the concept of a fixed currency (固定货币) plays a significant role in how nations interact financially. A fixed currency is a type of exchange rate regime where a country's currency value is tied or pegged to another major currency or a basket of currencies. This approach provides stability and predictability in international trade and investment, which can be beneficial for countries with less stable economies.One of the primary advantages of a fixed currency system is that it helps to reduce the risks associated with currency fluctuations. For example, if a country pegs its currency to the US dollar, businesses operating in that country can plan their finances more effectively without worrying about sudden changes in exchange rates. This stability encourages foreign investment, as investors are more likely to invest in a country where they can predict future costs and revenues with greater certainty.However, maintaining a fixed currency also comes with its challenges. Countries may need to hold large reserves of the currency to which they are pegged in order to defend their exchange rate. If the pegged currency experiences significant fluctuations, it can put pressure on the country's economy. For instance, during times of economic crisis, a country with a fixed currency might find it difficult to adjust its monetary policy to respond to changing economic conditions, leading to potential instability.Another important aspect to consider is how a fixed currency can impact a nation's competitiveness. By pegging their currency to a stronger currency, some countries may inadvertently limit their ability to respond to local economic conditions. For example, if a country's economy is growing rapidly, but its currency remains fixed, it may become less competitive in international markets as its goods become relatively more expensive compared to those from countries with more flexible exchange rates.Moreover, the success of a fixed currency regime often depends on the credibility of the country's government and its monetary policy. If investors lose faith in a government's ability to maintain the peg, they may begin to speculate against the currency, leading to a crisis. This was evident in the case of the Asian Financial Crisis in the late 1990s when several countries with fixed currency systems faced severe economic turmoil due to a loss of confidence in their currencies.In conclusion, while a fixed currency (固定货币) can offer stability and predictability, it also requires careful management and consideration of the broader economic context. Countries must weigh the benefits of reduced currency risk against the potential downsides of limited flexibility in monetary policy. As the global economy continues to evolve, the debate over the efficacy of fixed currency regimes will remain a critical topic among economists and policymakers alike. Understanding the implications of this exchange rate system is essential for anyone interested in international finance and economic development.

在当今全球经济中，固定货币的概念在国家金融互动中发挥着重要作用。固定货币是一种汇率制度，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。这种方法为国际贸易和投资提供了稳定性和可预测性，这对经济不太稳定的国家尤其有利。固定货币系统的主要优点之一是，它有助于减少与货币波动相关的风险。例如，如果一个国家将其货币与美元挂钩，那么在该国运营的企业可以更有效地规划财务，而无需担心汇率的突然变化。这种稳定性鼓励外国投资，因为投资者更有可能投资于一个能够更好地预测未来成本和收入的国家。然而，维持固定货币也面临挑战。国家可能需要持有大量的与其挂钩货币相关的储备，以捍卫其汇率。如果挂钩货币经历显著波动，可能会对国家经济施加压力。例如，在经济危机期间，拥有固定货币的国家可能会发现很难调整其货币政策以应对经济条件的变化，从而导致潜在的不稳定。另一个重要方面是固定货币如何影响国家的竞争力。通过将其货币与更强的货币挂钩，一些国家可能会无意中限制其应对当地经济条件的能力。例如，如果一个国家的经济快速增长，但其货币保持固定，那么它在国际市场上的竞争力可能会下降，因为其商品相对于汇率更灵活的国家变得相对昂贵。此外，固定货币制度的成功往往取决于国家政府及其货币政策的信誉。如果投资者对政府维持汇率的能力失去信心，他们可能会开始对该货币进行投机，导致危机。这在1990年代末的亚洲金融危机中表现得尤为明显，当时几个拥有固定货币制度的国家因对其货币失去信心而面临严重的经济动荡。总之，尽管固定货币（固定货币）可以提供稳定性和可预测性，但它也需要谨慎管理，并考虑更广泛的经济背景。各国必须权衡降低货币风险的好处与货币政策灵活性有限的潜在缺点。随着全球经济的不断发展，关于固定货币制度有效性的辩论将继续成为经济学家和政策制定者的重要话题。理解这一汇率制度的影响对于任何关注国际金融和经济发展的人员都是至关重要的。