convertibility

简明释义

英[kənˌvɜːtəˈbɪləti]美[kənˌvɜːrtəˈbɪləti]

n. 可变换，可兑换；可改变性

英英释义

单词用法

同义词

反义词

例句

1.I believe that RMB convertibility is the basic condition of RMB internationalization, but it should have a higher standard.

我认为，人民币国际化，人民币可兑换是基本条件，但还应有更高标准。

2.Convertibility of the currency is a gargantuan barrier.

货币的可兑换性就是一个巨大的障碍。

3.Some commentators have taken all this as a harbinger of full capital-account convertibility.

一些评论员将上述情况视为资本账户可完全兑换的先兆。然而这个可能性并不大。

4.Let them take their oath seriously and restore the convertibility of dollars to gold.

他们就应该遵守他们的誓言，恢复美元和黄金之间的兑换。

5.The chief roadblock is macro:the yuan's lack of full convertibility.

宏观上可见的主要障碍就是：人民币缺乏可兑换性。

6.Convertibility cannot come until China's domestic market has absorbed enough production employment to cushion reduced exports.

这问题不会在中国国内市场吸收足够的生产就业机会以减轻出口减少的压力之前解决。

7.They seem to be worried it will put more pressure on them to move towards currency convertibility than they would like.

他们看来担心在人民币可兑换性上会给他们更大的压力，超过他们愿意接受的程度。

8.They dropped the pound convertibility.

于是他们放弃了英镑的可兑换性。

9.The convertibility 可转换性 of bonds into shares can be an attractive feature for investors.

债券转换为股票的可转换性对投资者来说可能是一个有吸引力的特点。

10.Some countries impose restrictions on the convertibility 可转换性 of their currency to control inflation.

一些国家对其货币的可转换性施加限制，以控制通货膨胀。

11.The bank offers a savings account with high interest rates and full convertibility 可转换性 to other currencies.

这家银行提供高利率的储蓄账户，并且可以完全可转换性转换为其他货币。

12.The convertibility 可转换性 of the local currency makes it easier for tourists to spend money.

当地货币的可转换性使游客更容易花钱。

13.Investors are attracted to the convertibility 可转换性 of the cryptocurrency, allowing them to easily exchange it for cash.

投资者被这种加密货币的可转换性吸引，因为它允许他们轻松地兑换成现金。

作文

In the world of finance and economics, the term convertibility refers to the ability to exchange one form of currency or asset for another without restrictions. This concept is crucial for investors, traders, and policymakers as it influences the liquidity and stability of financial markets. The convertibility of a currency can affect international trade, investment flows, and even economic growth. For instance, when a currency is fully convertible, it allows individuals and businesses to freely exchange their domestic currency for foreign currencies. This freedom encourages foreign investment, as investors feel more secure knowing they can easily convert their earnings back to their home currency. Conversely, if a currency is not convertible, it can lead to a lack of trust among investors, potentially resulting in capital flight or reduced foreign direct investment. The importance of convertibility can be illustrated by examining the cases of various countries. In the 1990s, many Eastern European countries transitioned from centrally planned economies to market-oriented systems. As they implemented reforms, achieving full convertibility of their currencies was a significant milestone. This transition attracted foreign investment and facilitated trade, contributing to their economic growth. On the other hand, countries with restricted convertibility often face economic challenges. For example, nations experiencing hyperinflation may impose strict controls on currency exchange to stabilize their economies. However, these measures can backfire, leading to black markets where the unofficial exchange rates differ significantly from the official rates. This situation creates uncertainty and undermines confidence in the national currency. Furthermore, the concept of convertibility extends beyond currencies to other assets, such as stocks and bonds. For instance, convertible bonds are a type of debt security that can be converted into a predetermined number of the issuing company's shares. This feature provides investors with the potential for capital appreciation while still offering fixed income. The convertibility of these financial instruments adds flexibility and attractiveness for investors, allowing them to respond to changing market conditions. In summary, convertibility plays a vital role in the functioning of modern economies. It fosters international trade, encourages investment, and enhances market efficiency. Policymakers must carefully consider the implications of convertibility when designing monetary policies and regulations. Ultimately, a well-managed approach to convertibility can lead to greater economic stability and growth, benefiting both domestic and international stakeholders.

在金融和经济的世界中，术语convertibility指的是将一种货币或资产转换为另一种货币或资产而没有限制的能力。这个概念对于投资者、交易员和政策制定者至关重要，因为它影响金融市场的流动性和稳定性。货币的convertibility可以影响国际贸易、投资流动，甚至经济增长。例如，当一种货币是完全convertible时，它允许个人和企业自由地将其本国货币兑换为外币。这种自由鼓励外国投资，因为投资者感到更安全，知道他们可以轻松地将收益转换回本国货币。相反，如果一种货币不可convertible，可能会导致投资者之间缺乏信任，从而可能导致资本外流或外国直接投资减少。convertibility的重要性可以通过考察各国的案例来说明。在1990年代，许多东欧国家从计划经济转向市场导向的系统。在实施改革时，实现货币的完全convertibility是一个重要的里程碑。这一过渡吸引了外国投资并促进了贸易，为其经济增长做出了贡献。另一方面，限制convertibility的国家往往面临经济挑战。例如，经历恶性通货膨胀的国家可能会对货币兑换施加严格控制，以稳定其经济。然而，这些措施可能适得其反，导致黑市的出现，在黑市上，非官方汇率与官方汇率之间差异显著。这种情况造成不确定性，并削弱了人们对国家货币的信心。此外，convertibility的概念超越了货币，还包括其他资产，如股票和债券。例如，可转换债券是一种债务证券，可以转换为发行公司预定数量的股票。这一特性为投资者提供了资本增值的潜力，同时仍提供固定收入。这些金融工具的convertibility增加了灵活性和吸引力，使投资者能够应对不断变化的市场条件。总之，convertibility在现代经济的运作中发挥着至关重要的作用。它促进国际贸易，鼓励投资，增强市场效率。政策制定者在设计货币政策和法规时必须仔细考虑convertibility的影响。最终，妥善管理的convertibility方法可以带来更大的经济稳定和增长，惠及国内外利益相关者。