currency band

简明释义

通货波带

英英释义

例句

1.The government decided to implement a currency band 货币区间 to stabilize the economy.

政府决定实施一个货币区间 货币区间以稳定经济。

2.A currency band 货币区间 helps prevent excessive fluctuations in exchange rates.

一个货币区间 货币区间有助于防止汇率过度波动。

3.Investors are closely watching the currency band 货币区间 set by the central bank.

投资者密切关注中央银行设定的货币区间 货币区间。

4.The currency band 货币区间 was adjusted to reflect current market conditions.

为了反映当前市场情况，货币区间 货币区间被调整。

5.Countries within the currency band 货币区间 benefit from reduced transaction costs.

位于货币区间 货币区间内的国家受益于降低的交易成本。

作文

In the world of finance and international trade, the term currency band refers to a system where a country's currency is allowed to fluctuate within a specified range or band relative to another currency or a basket of currencies. This mechanism is often employed by governments and central banks to stabilize their currency's value while still allowing for some degree of flexibility in response to market forces. Understanding the concept of currency band is crucial for investors, businesses, and policymakers alike, as it can significantly impact economic stability and growth.The implementation of a currency band typically involves setting upper and lower limits on the exchange rate. For instance, if a country establishes a currency band with a range of ±5% around a target exchange rate, the currency must remain within this band. If the exchange rate approaches either limit, the central bank may intervene by buying or selling its currency to maintain its position within the established band. This approach helps to prevent excessive volatility that could arise from speculative trading or sudden shifts in market sentiment.One of the primary advantages of a currency band is that it provides a level of predictability for businesses engaged in international trade. When companies know that exchange rates will not fluctuate wildly, they can make more informed decisions regarding pricing, investment, and budgeting. This stability can encourage foreign investment, as investors are more likely to commit capital to economies where they perceive reduced risk related to currency fluctuations.However, maintaining a currency band is not without its challenges. Central banks must possess sufficient foreign reserves to defend the band effectively. If a currency faces significant downward pressure, it may require substantial intervention to prevent it from breaching the lower limit of the band. This can deplete reserves over time, leading to questions about the sustainability of the currency band arrangement.Moreover, while a currency band can provide short-term stability, it may not address underlying economic issues that contribute to currency volatility. For example, if a country experiences high inflation or political instability, a currency band may provide only temporary relief. In such cases, structural reforms may be necessary to restore confidence in the economy and its currency.Another consideration is that a currency band can create tension between countries. If one country’s currency is perceived as being artificially maintained within a band, it may lead to accusations of currency manipulation. This can strain diplomatic relations and provoke retaliatory measures from other nations, including tariffs or sanctions.In conclusion, the concept of currency band plays a significant role in the global financial landscape. It allows for a balance between stability and flexibility, providing a framework for managing exchange rates while promoting economic growth. However, the successful implementation of a currency band requires careful management and a commitment to addressing the underlying economic factors that influence currency value. As economies continue to evolve and face new challenges, the role of currency bands will undoubtedly remain a topic of interest and debate among economists and policymakers around the world.

在金融和国际贸易的世界中，术语货币区间指的是一个国家的货币被允许在相对于另一种货币或一篮子货币的指定范围或区间内波动的系统。这种机制通常由政府和中央银行采用，以稳定其货币的价值，同时仍然允许在响应市场力量时具有一定程度的灵活性。理解货币区间的概念对投资者、企业和政策制定者来说至关重要，因为它可能会显著影响经济的稳定性和增长。实施货币区间通常涉及设定汇率的上下限。例如，如果一个国家建立了一个±5%的货币区间，则该货币必须保持在这个区间内。如果汇率接近任一限制，中央银行可能会通过买入或卖出其货币来干预，以维持其在既定区间内的位置。这种方法有助于防止由于投机交易或市场情绪的突然变化而导致的过度波动。货币区间的主要优势之一是，它为参与国际贸易的企业提供了一定程度的可预测性。当公司知道汇率不会剧烈波动时，他们可以就定价、投资和预算做出更明智的决策。这种稳定性可以鼓励外国投资，因为投资者更可能将资本投入到他们认为货币波动风险较小的经济体中。然而，维持货币区间并非没有挑战。中央银行必须拥有足够的外汇储备，以有效捍卫该区间。如果一种货币面临显著的下行压力，可能需要大量干预才能防止其突破区间的下限。这可能会随着时间的推移消耗储备，从而引发对货币区间安排可持续性的质疑。此外，尽管货币区间可以提供短期的稳定，但它可能无法解决导致货币波动的潜在经济问题。例如，如果一个国家经历高通胀或政治不稳定，货币区间可能仅能提供暂时的缓解。在这种情况下，可能需要进行结构性改革，以恢复对经济及其货币的信心。另一个考虑因素是，货币区间可能会在国家之间产生紧张关系。如果一个国家的货币被认为人为地维持在一个区间内，可能会导致对货币操纵的指控。这可能会加剧外交关系，并引发其他国家的报复措施，包括关税或制裁。总之，货币区间的概念在全球金融格局中发挥着重要作用。它在稳定性和灵活性之间提供了一种平衡，为管理汇率提供了框架，同时促进经济增长。然而，成功实施货币区间需要谨慎管理，并致力于解决影响货币价值的潜在经济因素。随着经济的不断发展和面临新挑战，货币区间的作用无疑将继续成为经济学家和政策制定者关注和争论的话题。