controlled exchange system

简明释义

管制外汇制度

英英释义

例句

1.A controlled exchange system can help maintain trade balances by regulating currency values.

通过调节货币价值，受控汇率系统可以帮助维持贸易平衡。

2.The government implemented a controlled exchange system to stabilize the national currency.

政府实施了一个受控汇率系统以稳定国家货币。

3.In times of economic crisis, many countries resort to a controlled exchange system to prevent capital flight.

在经济危机时期，许多国家诉诸于受控汇率系统以防止资本外流。

4.The central bank plays a crucial role in managing a controlled exchange system during inflationary periods.

在通货膨胀期间，中央银行在管理受控汇率系统方面发挥着关键作用。

5.Investors often prefer markets with a controlled exchange system because it reduces volatility.

投资者通常更喜欢拥有受控汇率系统的市场，因为这减少了波动性。

作文

In today's global economy, countries often face the challenge of managing their currencies and trade balances effectively. One way to achieve this is through a controlled exchange system, which allows governments to regulate the value of their currency in relation to others. A controlled exchange system (受控汇率制度) is designed to stabilize a country's currency by limiting fluctuations against other currencies. This system can be beneficial for maintaining economic stability, especially in developing nations where market forces may lead to excessive volatility.A controlled exchange system involves government intervention in the foreign exchange market, either by pegging the national currency to a more stable foreign currency or by implementing measures that influence the supply and demand for the currency. For instance, a country might set a fixed exchange rate with the U.S. dollar, meaning that one unit of its currency will always be worth a specific amount of dollars. This can help to instill confidence among investors and traders, as they know what to expect in terms of currency value.However, while a controlled exchange system can provide stability, it also comes with its own set of challenges. Maintaining a fixed exchange rate requires significant foreign exchange reserves, as the government must be prepared to buy or sell its currency to keep the rate stable. If a country does not have enough reserves, it may face a currency crisis, leading to devaluation and economic turmoil. Additionally, a controlled exchange system can create distortions in the market, as it may not reflect the true value of the currency based on supply and demand.Critics of the controlled exchange system argue that it can lead to inefficiencies in the economy. When the government artificially maintains the value of its currency, it may discourage exports if the currency is overvalued, making goods more expensive for foreign buyers. Conversely, if the currency is undervalued, it can lead to inflation and increased costs for imported goods. Therefore, while a controlled exchange system can provide short-term benefits, it may not be sustainable in the long run without proper adjustments.Some successful examples of a controlled exchange system can be seen in countries like China, where the government has implemented measures to manage the yuan's value against the dollar. By allowing limited fluctuations within a predetermined range, China has been able to maintain economic growth while keeping its currency competitive in the international market. However, this approach has also faced criticism, particularly from trading partners who argue that it gives China an unfair advantage in global trade.In conclusion, a controlled exchange system (受控汇率制度) can be a useful tool for countries seeking to stabilize their economies and manage currency values. While it offers certain advantages, such as reduced volatility and increased investor confidence, it also poses risks and challenges that must be carefully managed. Ultimately, the effectiveness of a controlled exchange system depends on a country's economic conditions, government policies, and the ability to respond to changing market dynamics. As the global economy continues to evolve, the role of controlled exchange systems will remain a crucial topic for policymakers and economists alike.

在当今全球经济中，各国常常面临有效管理其货币和贸易平衡的挑战。实现这一目标的一种方法是通过受控汇率制度，这使得政府能够调节其货币相对于其他货币的价值。受控汇率制度旨在通过限制货币相对于其他货币的波动来稳定一个国家的货币。这一制度对于维护经济稳定尤其有利，特别是在市场力量可能导致过度波动的发展中国家。受控汇率制度涉及政府对外汇市场的干预，无论是通过将国家货币与更稳定的外币挂钩，还是通过实施影响货币供需的措施。例如，一个国家可能会将其货币与美元设定固定汇率，这意味着其货币的一个单位始终等于特定数量的美元。这可以帮助增强投资者和交易者的信心，因为他们知道在货币价值方面可以期待什么。然而，虽然受控汇率制度可以提供稳定性，但它也带来了自身的一系列挑战。维持固定汇率需要大量的外汇储备，因为政府必须准备好买入或卖出其货币以保持汇率稳定。如果一个国家没有足够的储备，它可能会面临货币危机，导致贬值和经济动荡。此外，受控汇率制度可能会在市场中造成扭曲，因为它可能无法反映基于供需的货币真实价值。受控汇率制度的批评者认为，这可能导致经济中的低效。当政府人为地维持货币的价值时，如果货币被高估，可能会抑制出口，使商品对外国买家来说更加昂贵。相反，如果货币被低估，可能会导致通货膨胀和进口商品成本的增加。因此，虽然受控汇率制度可以提供短期利益，但如果没有适当的调整，可能在长期内无法持续。一些成功的受控汇率制度例子可以在中国看到，政府实施了一系列措施来管理人民币相对于美元的价值。通过允许在预定范围内的有限波动，中国能够保持经济增长，同时保持其货币在国际市场上的竞争力。然而，这种做法也遭到了批评，特别是来自那些认为这使中国在全球贸易中获得不公平优势的贸易伙伴。总之，受控汇率制度(受控汇率制度)可以成为希望稳定经济和管理货币价值的国家的有用工具。尽管它提供了某些优势，如减少波动性和增强投资者信心，但它也带来了必须谨慎管理的风险和挑战。最终，受控汇率制度的有效性取决于一个国家的经济条件、政府政策以及应对市场动态变化的能力。随着全球经济的不断发展，受控汇率制度的作用将继续成为政策制定者和经济学家们关注的重要话题。