competitive downward revaluation of exchange

简明释义

竞争外汇汇率调低

英英释义

例句

1.Countries often engage in a competitive downward revaluation of exchange to boost their trade balance.

各国经常进行竞争性贬值以提高贸易平衡。

2.The competitive downward revaluation of exchange among neighboring countries has sparked concerns about currency wars.

邻国之间的竞争性贬值引发了人们对货币战争的担忧。

3.The recent economic policies led to a competitive downward revaluation of exchange, making exports cheaper for foreign buyers.

近期的经济政策导致了竞争性贬值，使得出口对外国买家来说更便宜。

4.The government's decision to implement a competitive downward revaluation of exchange was met with mixed reactions from economists.

政府决定实施竞争性贬值的举措遭到了经济学家的不同反应。

5.Investors are wary of the competitive downward revaluation of exchange as it can lead to instability in the market.

投资者对竞争性贬值感到警惕，因为这可能导致市场不稳定。

作文

In the world of international finance, the term competitive downward revaluation of exchange refers to a strategic maneuver undertaken by countries to adjust their currency values in relation to others. This action is often motivated by the desire to enhance export competitiveness and stimulate economic growth. When a nation devalues its currency, it effectively makes its goods cheaper for foreign buyers, which can lead to an increase in exports. However, this practice can also create tension among trading partners, as it may be perceived as an unfair advantage. The phenomenon of competitive downward revaluation of exchange can be traced back to historical instances where countries have engaged in currency wars. For example, during the Great Depression, several nations resorted to devaluing their currencies in an attempt to boost their economies. This led to retaliatory measures from other countries, resulting in a cycle of devaluation that ultimately harmed global trade. In contemporary times, the concept remains relevant, particularly in discussions surrounding major economies like the United States, China, and the European Union. For instance, if one country devalues its currency significantly, others may feel pressured to follow suit to maintain their competitive edge. This can lead to a domino effect where multiple nations engage in competitive downward revaluation of exchange, destabilizing the global economy. Moreover, the implications of such actions extend beyond mere economics. A competitive downward revaluation of exchange can affect international relations, as countries may view these moves as aggressive or manipulative. In some cases, this has led to calls for regulatory measures or agreements to prevent currency manipulation. Organizations like the International Monetary Fund (IMF) often play a role in monitoring and addressing these issues, advocating for fair practices in currency valuation. While a competitive downward revaluation of exchange can provide short-term benefits for a country's economy, it is essential to consider the long-term consequences. Sustained devaluation can lead to inflation, reduced purchasing power for citizens, and strained relationships with trading partners. Additionally, it may prompt other countries to impose tariffs or other trade barriers in response, further complicating the economic landscape. In conclusion, the term competitive downward revaluation of exchange encapsulates a complex interplay of economic strategy and international relations. While it can serve as a tool for economic growth, countries must tread carefully to avoid the pitfalls associated with currency manipulation. Ultimately, fostering cooperation and dialogue among nations may prove more beneficial than engaging in a race to the bottom in currency valuation.

在国际金融的世界中，术语竞争性贬值汇率指的是各国为调整其货币价值相对于其他货币而采取的战略举措。这一行动通常是出于增强出口竞争力和刺激经济增长的愿望。当一个国家贬值其货币时，它实际上使其商品对外国买家变得更便宜，这可能导致出口增加。然而，这种做法也可能在贸易伙伴之间造成紧张局势，因为这可能被视为一种不公平的优势。竞争性贬值汇率现象可以追溯到历史上几个国家参与货币战争的实例。例如，在大萧条期间，几个国家采取了贬值其货币的措施以试图推动经济。这导致其他国家采取报复措施，形成了贬值的恶性循环，最终损害了全球贸易。 在当代，这一概念仍然相关，特别是在讨论美国、中国和欧盟等主要经济体时。例如，如果一个国家显著贬值其货币，其他国家可能会感到压力，跟进以维持其竞争优势。这可能导致多国参与竞争性贬值汇率，从而破坏全球经济。此外，这种行为的影响超越了单纯的经济范畴。竞争性贬值汇率可能影响国际关系，因为各国可能将这些举动视为侵略性或操控性。在某些情况下，这导致呼吁采取监管措施或协议以防止货币操控。国际货币基金组织（IMF）等组织通常在监测和解决这些问题方面发挥作用，倡导货币估值的公平做法。 虽然竞争性贬值汇率可以为一个国家的经济提供短期利益，但必须考虑长期后果。持续的贬值可能导致通货膨胀、国民购买力下降以及与贸易伙伴的关系紧张。此外，它可能促使其他国家采取关税或其他贸易壁垒作为回应，进一步复杂化经济格局。 总之，术语竞争性贬值汇率概括了经济战略与国际关系之间复杂的相互作用。虽然它可以作为经济增长的工具，但各国必须谨慎行事，以避免与货币操控相关的陷阱。最终，促进国家之间的合作与对话可能比参与货币估值的竞赛更有益。