gold-bullion standard

简明释义

金条本位制

英英释义

A monetary system in which the value of currency is directly linked to gold, and currency can be exchanged for a specific amount of gold bullion.

一种货币制度,其中货币的价值直接与黄金挂钩,且货币可以按特定数量的黄金条进行兑换。

例句

1.Investors are showing interest in nations that operate under a gold-bullion standard 黄金铸币标准 due to perceived stability.

由于被认为的稳定性,投资者对采用黄金铸币标准的国家表现出兴趣。

2.During times of crisis, some governments consider reinstating a gold-bullion standard 黄金铸币标准 to regain public trust.

在危机时期,一些政府考虑恢复黄金铸币标准以重新获得公众信任。

3.Many economists debate the advantages of a gold-bullion standard 黄金铸币标准 compared to fiat currencies.

许多经济学家讨论与法定货币相比,黄金铸币标准的优势。

4.The country decided to revert to the gold-bullion standard 黄金铸币标准 to stabilize its economy.

该国决定恢复黄金铸币标准以稳定其经济。

5.Under the gold-bullion standard 黄金铸币标准, currency values are directly tied to gold reserves.

黄金铸币标准下,货币价值直接与黄金储备挂钩。

作文

The concept of the gold-bullion standard has played a significant role in the history of monetary systems. This standard refers to a monetary system in which the value of currency is directly linked to gold, specifically in the form of gold bullion. Under this system, a country’s currency can be exchanged for a specific amount of gold, which helps to stabilize the economy and control inflation. The gold-bullion standard was widely adopted in the 19th century and influenced many nations’ economic policies. One of the primary advantages of the gold-bullion standard is that it provides a tangible asset backing the currency. This can instill confidence in the currency among the public and international investors. When people know that their money can be exchanged for gold, they are more likely to trust its value. Additionally, the gold-bullion standard can help limit government spending. Since the money supply is tied to gold reserves, governments cannot print excessive amounts of money without having the gold to back it up. This restriction can help prevent hyperinflation and maintain economic stability.However, the gold-bullion standard is not without its drawbacks. One significant limitation is that it can restrict economic growth. Because the money supply is limited by the amount of gold a country possesses, it can hinder the ability to respond to economic crises or facilitate expansion during times of growth. For instance, if a nation experiences a sudden influx of population or investment, the rigid constraints of the gold-bullion standard may prevent adequate currency supply to support that growth.Moreover, the gold-bullion standard can lead to deflationary pressures. If the supply of gold does not keep pace with economic growth, the value of money can increase, leading to lower prices. While this might sound beneficial, deflation can harm an economy by discouraging spending and investment. People may delay purchases in anticipation of lower prices, which can further slow down economic activity.Historically, the gold-bullion standard faced challenges during times of war and economic upheaval. Many countries abandoned it during the World Wars as they needed to finance military operations and could not maintain gold reserves. The transition to fiat currency, which is not backed by physical assets, became more common post-war. Today, most of the world operates under a fiat currency system, where the value of money is derived from government regulation and trust rather than physical commodities like gold.In conclusion, while the gold-bullion standard provided a stable framework for currency valuation in the past, its limitations have led to its decline in modern economic systems. Understanding this historical context is essential for grasping the complexities of today’s monetary policies. As we continue to navigate the challenges of global economies, the lessons learned from the gold-bullion standard may still offer valuable insights into the nature of trust and value in financial systems.

“金条标准”的概念在货币体系的历史中发挥了重要作用。该标准指的是一种货币体系,其中货币的价值直接与黄金挂钩,特别是以金条的形式。在这种体系下,一个国家的货币可以兑换为特定数量的黄金,这有助于稳定经济和控制通货膨胀。“金条标准”在19世纪被广泛采用,并影响了许多国家的经济政策。“金条标准”的主要优点之一是它为货币提供了有形资产的支持。这可以增强公众和国际投资者对货币的信心。当人们知道他们的钱可以兑换成黄金时,他们更有可能信任其价值。此外,“金条标准”还可以帮助限制政府支出。由于货币供应与黄金储备挂钩,因此政府不能在没有黄金作为支持的情况下印制过多货币。这种限制可以帮助防止恶性通货膨胀并维持经济稳定。然而,“金条标准”并非没有缺点。一个显著的限制是它可能会限制经济增长。由于货币供应受到国家拥有的黄金数量的限制,因此在应对经济危机或促进经济增长时可能会受到阻碍。例如,如果一个国家突然涌入人口或投资,“金条标准”的严格限制可能会阻止足够的货币供应来支持这种增长。此外,“金条标准”可能导致通货紧缩压力。如果黄金的供应未能跟上经济增长,货币的价值可能会增加,从而导致价格下降。虽然这听起来可能有利,但通货紧缩可能会通过抑制消费和投资而对经济造成伤害。人们可能会推迟购买,以期待更低的价格,这可能进一步减缓经济活动。历史上,“金条标准”在战争和经济动荡时期面临挑战。许多国家在世界大战期间放弃了这一标准,因为他们需要为军事行动融资,无法维持黄金储备。战后转向法定货币(不以实物资产为支持)变得更加普遍。如今,世界大多数地区都在法定货币体系下运作,货币的价值源于政府的调控和信任,而不是像黄金这样的实物商品。总之,尽管“金条标准”在过去为货币估值提供了稳定的框架,但其局限性导致其在现代经济体系中的衰退。理解这一历史背景对于掌握当今货币政策的复杂性至关重要。在我们继续应对全球经济的挑战时,从“金条标准”中吸取的教训仍可能为金融体系中信任和价值的本质提供宝贵的见解。