European currency band

简明释义

欧洲货币汇率变动幅度

英英释义

例句

1.Changes in the European currency band can have significant impacts on export competitiveness.

欧洲货币区带的变化可能会对出口竞争力产生重大影响。

2.The European currency band was established to facilitate trade among member countries.

欧洲货币区带的建立是为了促进成员国之间的贸易。

3.During the financial crisis, many countries struggled to stay within the limits of the European currency band.

在金融危机期间，许多国家努力保持在欧洲货币区带的限制内。

4.Investors are closely watching how the central bank will respond to fluctuations in the European currency band.

投资者密切关注中央银行将如何应对欧洲货币区带的波动。

5.The government decided to maintain the exchange rate within the European currency band to stabilize the economy.

政府决定将汇率维持在欧洲货币区带内，以稳定经济。

作文

The concept of the European currency band refers to a system that was designed to stabilize exchange rates among European currencies prior to the introduction of the euro. This mechanism allowed member countries to maintain their currency values within a certain range, which helped to promote economic stability and facilitate trade within the region. The European currency band was established as part of the European Monetary System (EMS) in 1979, aiming to reduce exchange rate variability and prevent excessive fluctuations that could harm economic relationships among European nations.In the context of the European currency band, countries agreed to keep their currencies within a specified margin of fluctuation against a central reference currency, which was the German Deutsche Mark at that time. This arrangement encouraged countries to adopt sound monetary policies and maintain fiscal discipline, as deviations from the agreed-upon exchange rate bands could lead to economic penalties or loss of credibility. The European currency band thus served as a precursor to the eventual establishment of the euro, fostering closer economic integration among European states.One of the key benefits of the European currency band was that it provided a framework for cooperation among European nations. By committing to a common monetary policy, countries were able to reduce the risks associated with currency fluctuations, which in turn encouraged investment and trade. For example, businesses could plan their operations with greater certainty, knowing that exchange rates would not experience dramatic shifts overnight. This stability was particularly important for smaller economies that might have been more vulnerable to external shocks.However, the European currency band was not without its challenges. Some countries struggled to adhere to the agreed-upon limits, leading to tensions among member states. For instance, if one country faced economic difficulties and its currency began to weaken, it could create pressure on neighboring countries to devalue their own currencies to remain competitive. This situation highlighted the complexities of maintaining a fixed exchange rate system, where individual national interests often clashed with collective goals.Ultimately, the European currency band laid the groundwork for the creation of the euro in 1999. The lessons learned from this experience were invaluable in shaping the governance structures and monetary policies of the Eurozone. Today, while the euro has become the dominant currency in many European countries, the historical significance of the European currency band continues to be recognized as an important step towards achieving greater economic unity in Europe.In conclusion, the European currency band was a vital initiative that aimed to stabilize exchange rates and foster economic cooperation among European nations. Although it faced various challenges, its legacy remains influential in the context of European monetary policy. Understanding the role of the European currency band helps us appreciate the complexities involved in currency management and the ongoing efforts to achieve economic stability in a diverse and interconnected region like Europe.

“欧洲货币区”的概念是指在欧元引入之前，旨在稳定欧洲货币之间汇率的系统。该机制允许成员国将其货币价值保持在一定范围内，这有助于促进经济稳定并便利区域内的贸易。“欧洲货币区”作为欧洲货币体系（EMS）的一部分，于1979年建立，旨在减少汇率波动性，防止可能损害欧洲国家经济关系的过度波动。在“欧洲货币区”的背景下，各国同意将其货币维持在与中央参考货币（当时是德国马克）之间的指定波动幅度内。这一安排鼓励各国采用稳健的货币政策并保持财政纪律，因为偏离约定的汇率区间可能会导致经济处罚或失去信誉。因此，“欧洲货币区”成为最终建立欧元的前奏，促进了欧洲各国之间更紧密的经济一体化。“欧洲货币区”的主要好处之一是为欧洲国家之间的合作提供了框架。通过承诺共同的货币政策，各国能够减少与货币波动相关的风险，从而鼓励投资和贸易。例如，企业可以更加确定地规划其运营，因为他们知道汇率不会在一夜之间经历剧烈变化。这种稳定性对于一些较小的经济体尤其重要，因为它们可能更容易受到外部冲击的影响。然而，“欧洲货币区”并非没有挑战。一些国家在遵守约定限制方面遇到困难，导致成员国之间的紧张关系。例如，如果一个国家面临经济困难，其货币开始贬值，这可能会给邻国施加压力，迫使它们贬值自己的货币以保持竞争力。这种情况突显了维护固定汇率制度的复杂性，因为各国的国家利益常常与集体目标发生冲突。最终，“欧洲货币区”为1999年欧元的创建奠定了基础。从这一经验中获得的教训对塑造欧元区的治理结构和货币政策至关重要。今天，虽然欧元已成为许多欧洲国家的主导货币，但“欧洲货币区”的历史意义仍然被认为是实现欧洲更大经济统一的重要一步。总之，“欧洲货币区”是一个旨在稳定汇率和促进欧洲国家经济合作的重要倡议。尽管面临各种挑战，但其遗产在欧洲货币政策的背景下仍然具有影响力。理解“欧洲货币区”的作用有助于我们欣赏货币管理中的复杂性以及在像欧洲这样多样化和相互联系的地区实现经济稳定的持续努力。