exchange-rate regime

简明释义

汇率机制

英英释义

例句

1.The country's decision to adopt a floating exchange-rate regime 浮动汇率制度 has led to increased volatility in its currency.

该国决定采用浮动exchange-rate regime 浮动汇率制度，导致其货币波动性增加。

2.The transition from a managed float to a free-floating exchange-rate regime 自由浮动汇率制度 requires careful planning.

从管理浮动到自由浮动的exchange-rate regime 自由浮动汇率制度的过渡需要仔细规划。

3.A stable exchange-rate regime 汇率制度 can attract foreign direct investment.

稳定的exchange-rate regime 汇率制度可以吸引外国直接投资。

4.Investors often analyze the exchange-rate regime 汇率制度 of a country before making investment decisions.

投资者在做出投资决策之前，通常会分析一个国家的exchange-rate regime 汇率制度。

5.Many economists believe that a fixed exchange-rate regime 固定汇率制度 can stabilize a country's economy during turbulent times.

许多经济学家认为，固定exchange-rate regime 固定汇率制度可以在动荡时期稳定一个国家的经济。

作文

The concept of an exchange-rate regime is fundamental to understanding how countries manage their currencies in the global economy. An exchange-rate regime refers to the way a country manages its currency in relation to other currencies. This can involve a fixed exchange rate, where the value of the currency is tied to another major currency, or a floating exchange rate, where the value fluctuates based on market forces. Each regime has its own advantages and disadvantages, influencing trade, investment, and economic stability.In a fixed exchange-rate regime, a country's government or central bank sets the currency's value against another currency or a basket of currencies. This can provide stability and predictability for international trade, as businesses can plan their transactions without worrying about sudden changes in currency value. For example, if a country pegs its currency to the US dollar, it can help stabilize prices for imported goods and services, making it easier for consumers and businesses to engage in cross-border trade. However, maintaining a fixed rate can be challenging, especially if the country's economic fundamentals do not support the pegged value. This could lead to a depletion of foreign reserves and potential economic crises if the peg is abandoned.On the other hand, a floating exchange-rate regime allows the currency's value to fluctuate according to supply and demand in the foreign exchange market. This can provide greater flexibility for a country to respond to economic changes and shocks. For instance, if a country experiences a recession, its currency may depreciate, making exports cheaper and more competitive on the global market. This can help stimulate economic growth. However, a floating regime can also lead to volatility, which might deter foreign investment and complicate international trade agreements.In recent years, many countries have adopted hybrid systems that incorporate elements of both fixed and floating exchange-rate regimes. These systems allow for some degree of currency fluctuation while still providing a level of stability. For example, a country might maintain a target range for its currency's value, intervening in the foreign exchange market when the currency moves outside this range. This approach can help balance the benefits of stability with the need for flexibility.The choice of exchange-rate regime can have significant implications for a country's economic policy and overall performance. Policymakers must carefully consider their economic objectives, including inflation control, employment levels, and trade balances, when deciding on an appropriate regime. Additionally, external factors such as global economic conditions and trade relationships can influence the effectiveness of a chosen exchange-rate regime.In conclusion, understanding the various types of exchange-rate regimes is crucial for anyone interested in international economics. Each regime presents unique challenges and opportunities that can affect a country's economic health and its position in the global market. As economies become increasingly interconnected, the implications of exchange-rate regimes will continue to play a vital role in shaping international trade and finance.

“汇率制度”这一概念对于理解各国如何在全球经济中管理其货币至关重要。“汇率制度”是指一个国家以何种方式管理其货币与其他货币的关系。这可以涉及固定汇率，即货币的价值与另一种主要货币挂钩，或浮动汇率，即货币的价值根据市场力量波动。每种制度都有其自身的优缺点，影响贸易、投资和经济稳定。在固定“汇率制度”下，国家的政府或中央银行设定货币的价值与另一种货币或一篮子货币挂钩。这可以为国际贸易提供稳定性和可预测性，因为企业可以在不担心货币价值突然变化的情况下规划其交易。例如，如果一个国家将其货币与美元挂钩，则可以帮助稳定进口商品和服务的价格，使消费者和企业更容易进行跨境贸易。然而，维持固定汇率可能具有挑战性，特别是当国家的经济基本面不支持挂钩值时。这可能导致外汇储备的耗尽，并在放弃挂钩时引发潜在的经济危机。另一方面，浮动“汇率制度”允许货币的价值根据外汇市场中的供需变化波动。这可以为国家应对经济变化和冲击提供更大的灵活性。例如，如果一个国家经历经济衰退，其货币可能贬值，从而使出口在全球市场上变得更便宜和更具竞争力。这可以帮助刺激经济增长。然而，浮动制度也可能导致波动，这可能会阻碍外国投资并使国际贸易协议复杂化。近年来，许多国家采用了混合制度，结合了固定和浮动“汇率制度”的元素。这些系统允许一定程度的货币波动，同时仍提供一定的稳定性。例如，一个国家可能维持其货币价值的目标范围，当货币超出该范围时进行外汇市场干预。这种方法可以帮助平衡稳定性的好处与灵活性的需要。“汇率制度”的选择对一个国家的经济政策和整体表现具有重大影响。政策制定者在决定适当的制度时，必须仔细考虑他们的经济目标，包括通货膨胀控制、就业水平和贸易平衡。此外，全球经济条件和贸易关系等外部因素也会影响所选择的“汇率制度”的有效性。总之，理解各种类型的“汇率制度”对任何对国际经济感兴趣的人来说都是至关重要的。每种制度都呈现出独特的挑战和机遇，可能会影响一个国家的经济健康及其在全球市场中的地位。随着经济日益相互联系，“汇率制度”的影响将继续在塑造国际贸易和金融方面发挥重要作用。