| 词汇 | example_english_fixed-exchange |
| 释义 | fixed exchangecollocation in Englishmeanings of fixedand exchangeThese words are often used together. Click on the links below to explore the meanings. Or, see other collocations with exchange. fixed adjective uk /fɪkst/ us /fɪkst/ arranged or decided already and not able to ... See more at fixed exchange noun uk /ɪksˈtʃeɪndʒ/ us /ɪksˈtʃeɪndʒ/ the act of giving something to someone and them giving you ... See more at exchange Examples of fixed exchangeThese examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. This placed strains on the new fixedexchange rate system. Given a fixedexchange rate (the case of a monetary union), this option would no longer exist. That was a pre-announced crawling peg, so analytically the new regime was equivalent to the fixedexchange rate. So 1991 brought another change in the regime - fixedexchange rate was substituted with the crawling peg. At the same time, the banks had taken advantage of the fixedexchange rate to take out large low-interest-rate dollar loans. For example, a fixedexchange rate may lead international investors to expect that they can lend more for a longer time at tolerable risk. A fixedexchange rate regime, albeit an uninteresting one, would result if = 0. The movement to gold led countries to converge on to trajectories of low inflation, thus promoting a set of stable fixedexchange rates. Furthermore, it is incorrect to view fixedexchange rates as a policy choice, since they were only marginally the results of governmental actions. Its four stabilizing anchors were the fixedexchange rate7, the money wage, real money supply and real interest rate. Nontraded goods and macroeconomic policy under a fixedexchange rate. As always with fixedexchange rates, politics was determining decisions. If the prospect for inflation was dramatically better than assumed, then a system of fixedexchange rates began to look considerably more realistic, though not totally free from difficulty. With some form of credibly fixedexchange rate, there is almost no scope for active monetary policy - monetary independence is essentially surrendered. A return to more fixedexchange rates, especially vis-a-vis the existing snake currencies, was likely at the least to imply a slower depreciation than would otherwise occur. Fixedexchange rate and high nominal interest rates initially brought some spectacular successes. National monetary autonomy was in any event incompatible with the combination of free markets, capital mobility and fixedexchange rates. The regime crumpled under the realisation of the inescapable power of the trilemma problem: open capital markets, domestic independence and fixedexchange rates could not be simultaneously realised. Our prior assumptions here are less obvious because, by also controlling for the exchange rate (see below), we are effectively simulating a 'gold standard' of irrevocably fixedexchange rates. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. Want to learn more? Go to the definition of fixed Go to the definition of exchange See other collocations with exchange |
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