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椰子鸡 · 2024年03月16日

知识点在哪儿

NO.PZ2023071902000099

问题如下:

QuestionFor an optimal international currency system, it is most desirable to have:

选项:

A.

fully convertible currencies.

B.floating exchange rates between currencies. C.

Implementing a common monetary policy among different countries.

解释:

Solution

  1. Correct, as the pinnacle of an international currency system would ensure all currencies are effortlessly convertible, facilitating unrestricted capital movement.
  2. Incorrect, as the perfect currency structure would entail that the exchange rate between any pair of currencies would be reliably set, not fluctuating.
  3. Incorrect, as the quintessential currency system would allow each nation to implement its monetary policy tailored to its own domestic goals, such as targeting specific growth and inflation rates, rather than adhering to a universal policy.

The Foreign Exchange Market and Capital Flows

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1 个答案

笛子_品职助教 · 2024年03月17日

嗨,爱思考的PZer你好:


Hello,亲爱的同学~

在Exchange Rate Regimes章节下的 Ideal currency Regime


Ideal是理想的意思,和本题里的optimal,是相同的含义。

也就是FIxed汇率、资本自由流动、货币政策独立。这三点。


本章先介绍最优汇率机制。

随后又说最优汇率机制在现实中不可能实现。

这也是:蒙代尔不可能三角理论。


三元悖论(Mundellian Trilemma),也称三难选择(The Impossible Trinity)、蒙代尔不可能三角。它是由美国经济学家保罗·克鲁格曼(一说蒙代尔)就开放经济下的政策选择问题所提出的,其含义是:在开放经济条件下,本国货币政策的独立性、汇率的稳定性、资本的完全流动性不能同时实现,最多只能同时满足两个目标,而放弃另外一个目标。

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