sterilization of payments imbalance

简明释义

收支不平衡状态的冻结

英英释义

例句

1.The central bank implemented a policy for the sterilization of payments imbalance to stabilize the currency exchange rate.

中央银行实施了一项政策，以实现支付失衡的 sterilization，以稳定货币汇率。

2.The bank's strategy includes the sterilization of payments imbalance through open market operations.

银行的策略包括通过公开市场操作实现支付失衡的 sterilization。

3.To address the sterilization of payments imbalance, the government introduced new fiscal measures.

为了应对支付失衡的 sterilization，政府引入了新的财政措施。

4.Investors are concerned about the sterilization of payments imbalance and its impact on inflation rates.

投资者担心支付失衡的 sterilization及其对通货膨胀率的影响。

5.The sterilization of payments imbalance is crucial for maintaining economic stability during trade deficits.

在贸易赤字期间，支付失衡的 sterilization 对于维持经济稳定至关重要。

作文

In the realm of international finance, one of the critical issues that countries face is the balance of payments. This refers to the record of all economic transactions between residents of a country and the rest of the world. A significant aspect of this balance is the concept of the sterilization of payments imbalance, which plays a crucial role in maintaining economic stability. The sterilization of payments imbalance (支付失衡的消毒) occurs when a country experiences an influx or outflow of capital that disrupts its monetary policy and overall economic equilibrium. When a nation faces a payments imbalance, it may lead to excessive foreign currency inflows or outflows. For instance, if a country has a trade deficit, it means that it is importing more goods and services than it is exporting. This situation can result in a depreciation of the national currency, as there is higher demand for foreign currencies to pay for imports. To counteract this, central banks may intervene by buying or selling foreign currencies. This is where the sterilization of payments imbalance comes into play. Sterilization involves the central bank taking measures to neutralize the effects of these capital flows on the domestic money supply. For example, if a central bank buys foreign currency to support the national currency, it injects local currency into the economy. To prevent inflation and maintain control over the money supply, the central bank might then sell government bonds to absorb the excess liquidity created by the initial purchase. This process ensures that the monetary base remains stable despite the fluctuations caused by external payments imbalances. The importance of the sterilization of payments imbalance cannot be overstated. Without proper sterilization, a country could experience inflationary pressures due to increased money supply, leading to rising prices and diminished purchasing power. Conversely, if the central bank does not adequately address capital outflows, it could result in a tightening of the money supply, potentially stifling economic growth. In addition to safeguarding monetary policy, the sterilization of payments imbalance also helps in maintaining investor confidence. A country that effectively manages its payments imbalance is likely to attract foreign investment, as investors seek stable and predictable economic environments. Moreover, it demonstrates a commitment to sound economic governance, which can bolster a nation's reputation on the global stage. However, the process of sterilization of payments imbalance is not without challenges. Central banks must carefully balance their interventions to avoid creating new economic distortions. Additionally, prolonged sterilization efforts can lead to increased public debt if the government bonds sold are not purchased back in a timely manner. Thus, while sterilization is a vital tool in managing payments imbalances, it requires prudent execution and constant monitoring. In conclusion, the sterilization of payments imbalance is a fundamental mechanism through which countries can manage the complexities of international finance. By understanding and implementing effective sterilization strategies, nations can stabilize their economies, control inflation, and foster an environment conducive to sustainable growth. As global economic interdependence continues to rise, the importance of mastering the art of sterilization of payments imbalance will only become more pronounced.

在国际金融领域，各国面临的一个关键问题是国际收支平衡。这指的是一个国家居民与世界其他地区之间所有经济交易的记录。这个平衡的一个重要方面是“支付失衡的消毒”这一概念，它在维护经济稳定中发挥着至关重要的作用。“支付失衡的消毒”发生在一个国家经历资本流入或流出，扰乱其货币政策和整体经济平衡时。当一个国家面临支付失衡时，可能会导致外汇流入或流出的过度。例如，如果一个国家有贸易赤字，这意味着它进口的商品和服务比出口的多。这种情况可能导致本国货币贬值，因为对外币的需求更高，以支付进口费用。为了对抗这种情况，中央银行可能会通过买卖外币进行干预。这就是“支付失衡的消毒”发挥作用的地方。消毒涉及中央银行采取措施来中和这些资本流动对国内货币供应的影响。例如，如果中央银行购买外币以支持本国货币，它就会向经济注入本国货币。为了防止通货膨胀并保持对货币供应的控制，中央银行可能会出售政府债券，以吸收因最初购买而产生的多余流动性。这个过程确保了尽管由于外部支付失衡引起波动，货币基础仍然保持稳定。“支付失衡的消毒”的重要性不容小觑。如果没有适当的消毒，一个国家可能会因为货币供应增加而面临通货膨胀压力，导致物价上涨和购买力下降。相反，如果中央银行未能充分应对资本外流，可能会导致货币供应紧缩，从而抑制经济增长。除了保护货币政策外，“支付失衡的消毒”还有助于维护投资者信心。有效管理支付失衡的国家可能会吸引外国投资，因为投资者寻求稳定和可预测的经济环境。此外，这表明对良好经济治理的承诺，可以提升一个国家在全球舞台上的声誉。然而，“支付失衡的消毒”的过程并非没有挑战。中央银行必须仔细平衡其干预，以避免创造新的经济扭曲。此外，长期的消毒努力可能会导致公共债务增加，如果出售的政府债券未能及时回购。因此，尽管消毒是管理支付失衡的重要工具，但它需要谨慎执行和持续监测。总之，“支付失衡的消毒”是各国管理国际金融复杂性的基本机制。通过理解和实施有效的消毒策略，各国可以稳定经济，控制通货膨胀，并营造有利于可持续增长的环境。随着全球经济相互依赖的不断加深，掌握“支付失衡的消毒”的艺术的重要性只会愈加突出。