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暖暖 · 2024年03月14日

选项A和B请解释下,谢谢。

NO.PZ2023071902000053

问题如下:

QuestionWhich economic condition is most conducive to a well-functioning currency board exchange rate system in a country?

选项:

A.Flexible domestic prices and wages B.The supply of global reserve assets is growing rapidly C.Large non-traded sectors

解释:

Solution

  1. Correct. A currency board system operates most effectively when domestic prices and wages are highly flexible, allowing for quick adjustments to changes in the exchange rate.
  2. Incorrect. A currency board system functions best when the global supply of the reserve asset grows at a stable and moderate rate, aligned with long-term real growth and stable prices.
  3. Incorrect. A currency board system is more effective in a country with relatively small non-traded sectors in the domestic economy, as it helps to ensure a stronger link between domestic and foreign prices.

The Foreign Exchange Market and Capital Flows

currency board 不是和某种外汇采取严格固定的汇率吗, 会什么还可以调节汇率

1 个答案

笛子_品职助教 · 2024年03月14日

嗨,努力学习的PZer你好:


currency board 不是和某种外汇采取严格固定的汇率吗, 会什么还可以调节汇率

Hello,亲爱的同学~

固定汇率是政策目标,但想要实现固定汇率的政策目标,也需满足一定的市场条件。

例如,按照市场经济,汇率应该贬值,但强行维持固定汇率,这种做法并不持久,最终市场的力量会摧毁固定汇率制度。

1997年的泰铢贬值,就是类似的情况。

泰国实行固定汇率制,但经济情况需要泰铢贬值,在国际炒家的围攻下,泰国政府最终被迫放弃了固定汇率制,泰铢大幅贬值。


选项A和B请解释下,谢谢。

A选项,弹性物价和工资,使国内物价和工资能与国际波动同步,这样有利于汇率稳定。

B选项,全球储备快速增长。高速增长的全球储备,会带来使汇率升值的市场力量。从而不利于维持固定汇率制。

一般固定汇率制,要求外汇储备保持稳定。

以香港为例,香港央行有多少美元,就发多少港币。港币发行量/央行美元,这个比例恒定。


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努力的时光都是限量版,加油!

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