central bank intervention

简明释义

中央银行干预

英英释义

例句

1.Analysts believe that central bank intervention can stabilize the economy during a financial crisis.

分析师认为，在金融危机期间，中央银行干预可以稳定经济。

2.The recent fluctuations in the currency market prompted a significant central bank intervention.

最近货币市场的波动促使了重大的中央银行干预。

3.After the stock market crash, the government called for central bank intervention to restore investor confidence.

在股市崩盘后，政府呼吁进行中央银行干预以恢复投资者信心。

4.The effectiveness of central bank intervention is often debated among economists.

经济学家们常常对中央银行干预的有效性进行辩论。

5.Many countries resort to central bank intervention to control inflation rates.

许多国家诉诸于中央银行干预来控制通货膨胀率。

作文

In today's global economy, the role of central banks has become increasingly significant. One of the key functions of these institutions is to maintain monetary stability through various means, including central bank intervention. This term refers to the actions taken by a country's central bank to influence its currency's value or to stabilize financial markets. Understanding central bank intervention is essential for grasping how economic policies are implemented and how they affect both domestic and international markets.Central banks, such as the Federal Reserve in the United States or the European Central Bank in Europe, utilize central bank intervention to achieve specific economic objectives. For instance, if a country's currency is rapidly depreciating, the central bank may intervene by buying its own currency in the foreign exchange market. This action increases demand for the currency, which can help stabilize its value. Conversely, if a currency is appreciating too quickly, making exports more expensive, the central bank might sell its currency to lower its value. Such interventions are crucial for maintaining a balanced trade environment and ensuring that the economy remains competitive on a global scale.Moreover, central bank intervention is not limited to currency stabilization. It also plays a vital role in controlling inflation and managing interest rates. When inflation rises above the target level, central banks may increase interest rates to discourage borrowing and spending, thereby cooling off the economy. However, if economic growth slows down, they might lower interest rates to encourage borrowing and investment. These decisions are often influenced by the need for central bank intervention to either stimulate or restrain economic activity, depending on the prevailing conditions.The effectiveness of central bank intervention can vary based on numerous factors, including market perceptions and external economic conditions. For example, during the 2008 financial crisis, many central banks around the world engaged in unprecedented levels of intervention to prevent the collapse of their economies. They implemented measures such as quantitative easing, where they purchased large quantities of government bonds to inject liquidity into the financial system. While these actions helped stabilize markets in the short term, they also raised concerns about long-term inflation and the potential for asset bubbles.Critics of central bank intervention argue that such actions can lead to moral hazard, where financial institutions take excessive risks, believing that the central bank will always step in to bail them out. This belief can create a cycle of dependency, ultimately undermining the stability that central bank intervention aims to achieve. Furthermore, the timing and scale of interventions can be challenging to gauge, leading to unintended consequences that may exacerbate rather than alleviate economic problems.In conclusion, central bank intervention is a crucial tool for managing a country's economy, influencing everything from currency values to inflation rates. While it can provide immediate relief during times of economic distress, it also carries risks that must be carefully managed. As the global economy continues to evolve, the role of central banks and their interventions will remain a topic of significant interest and debate among economists, policymakers, and the public alike. Understanding the implications of central bank intervention is essential for anyone looking to grasp the complexities of modern economic systems.

在当今全球经济中，中央银行的角色变得越来越重要。这些机构的一个关键职能是通过各种手段维持货币稳定，其中包括中央银行干预。这个术语指的是一个国家的中央银行采取的行动，以影响其货币的价值或稳定金融市场。理解中央银行干预对于掌握经济政策的实施及其对国内和国际市场的影响至关重要。中央银行，如美国的联邦储备银行或欧洲的欧洲中央银行，利用中央银行干预来实现特定的经济目标。例如，如果一个国家的货币迅速贬值，中央银行可能会通过在外汇市场上购买自己的货币进行干预。这一举措增加了对该货币的需求，从而有助于稳定其价值。相反，如果一种货币升值过快，导致出口成本增加，中央银行可能会出售其货币以降低其价值。这种干预对于维持贸易环境平衡和确保经济在全球范围内具有竞争力至关重要。此外，中央银行干预不仅限于货币稳定。它在控制通货膨胀和管理利率方面也发挥着重要作用。当通货膨胀超过目标水平时，中央银行可能会提高利率，以抑制借贷和消费，从而冷却经济。然而，如果经济增长放缓，它们可能会降低利率，以鼓励借贷和投资。这些决策通常受到需要对经济活动进行刺激或限制的中央银行干预影响，具体取决于当前的情况。中央银行干预的有效性可能因市场认知和外部经济条件等众多因素而异。例如，在2008年金融危机期间，世界各地的许多中央银行进行了前所未有的干预，以防止其经济崩溃。它们实施了量化宽松等措施，即购买大量政府债券，以向金融系统注入流动性。虽然这些行动在短期内帮助稳定了市场，但它们也引发了对长期通货膨胀和资产泡沫潜在风险的担忧。批评中央银行干预的人士认为，这种行为可能导致道德风险，即金融机构承担过度风险，因为它们相信中央银行总会介入救助。这种信念可能会造成依赖循环，最终削弱中央银行干预旨在实现的稳定。此外，干预的时机和规模难以把握，可能导致意想不到的后果，甚至加剧而不是缓解经济问题。总之，中央银行干预是管理国家经济的关键工具，影响着从货币价值到通货膨胀率的方方面面。虽然它可以在经济困境时期提供即时救助，但它也带来了必须谨慎管理的风险。随着全球经济的不断演变，中央银行及其干预的角色将继续成为经济学家、政策制定者和公众广泛关注和辩论的话题。理解中央银行干预的影响对于任何希望掌握现代经济体系复杂性的人来说都是至关重要的。