NO.PZ2016010801000081
问题如下:
Which of the following is least appropriate about Country A, if Country A pegs their currency exchange rate with the dollar?
选项:
A.Country A should keep their inflation rate equal to USA
B.Country A should sell dollar reserve if their currency is less valuable.
C.Pegging exchange rate will decrease the volatility of money supply in Country A.
解释:
C is correct. Pegging exchange rate will increase the volatility of money supply in Country A, as it will has more volatile interest rate to keep inflation rate similar to USA.
考点:Pegging exchange rate
解析:Pegging exchange rate 会增加A国货币供给的波动性,从而使通货膨胀率与美国的通胀率保持一致。A选项不入选。
A国本币贬值的时候,A国政府就应该在外汇市场上买入本币,卖出外汇储备,所以B选项不入选。
但是这种情况下,A国的利率受到货币供给变化的冲击会更加明显,表现也更不稳定。所以C选项入选。
为什么A不选。
另外pegging 一国的汇率属于哪种?a currency board arrangement 吗?还是crawling peg?