The International Monetary Situation (1) 8 \( r" X K! h+ Y) c- i2 b
国际货币制度(一)
& Y0 |) x( n' s9 Y/ X0 N Situation 4 9 n8 C4 A" i9 F; ~! u& p9 o7 r
情景 4
, o+ i' i4 ]5 q1 E9 P3 ]9 X6 ?! B Mary Johnson ,an officer of the First National Bank, is discussingthe International Monetary System with one of her businessmanclients ,Harold Black.
% e: f* l7 Z7 n- s8 ~ 玛丽·约翰逊,第一国民银行的高级职员,正和她的一位经商的顾客哈罗德·布莱克讨论国际货币制度。 / n d, |1 \$ j2 W4 T
Black:I have been reading a great deal recently about exchange-rate fluctuations , / Y5 N: w8 y4 t6 U# l2 Q5 g
布莱克:最近,我读了大量有关外汇汇率浮动、
" L0 w9 y" K7 _3 G payment balances ,clean and dirty floats ,and the International Monetary System . 8 S% a4 S* E& \( I$ q/ }
收支平衡、不受限制的和受限制的汇率浮动以及国际货币制度的材料。 1 N9 m; t9 c* C
While I generally understand the way foreign exchange markets work,I am not sure exactly whatthe International Monetary System is.
! F' u0 @8 ?' S2 l) l9 q 虽然我对于外汇市场的机制有了大概的了解,但是对于什么是国际货币制度这个问题还是不十分清楚。 4 C$ T' @2 @" Y S8 `. {
Johnson:Well,Mr.Black,the term International Monetary System actually refers to a series ofagreements among the major governments and their central banks to bring order and stability tothe international exchange markets. ) j$ [( Y4 Y; m3 A' H$ \7 ?3 M
玛 丽:噢,布莱克先生,“国际货币制度”这一术语实际上是指为了维护国际外汇市场的秩序和稳定,一些影响较大的政府和中央银行之间所签定的一系列协定。
- q, C2 `2 _+ x* x6 b6 W8 I The most important ,signed in 1944,is called the Bretton Woods Agreement . : d3 i: Q/ ]: E' B2 `
最为重要的一个协定是1944年签定的布雷顿森林的协定, 0 K N X1 P9 g% n+ m
It established the World Bank and the International Monetary Fund. 9 h6 v$ N4 P6 s) ^3 p, P
根据该协定而建立了世界银行和国际货币基金组织。
' y6 Q$ z1 Y: f8 H- L! G B:Oh ,so you mean these agreements regulate international exchange rates? 9 L# K% R: c! K8 z2 _- m: a
布莱克:那么,您是说由这些协定来管理国际汇率吗?
1 |5 O4 b8 ~1 a9 `/ }3 g/ v J:They did until 1971.Up until that time international foreign exchange rates were pegged to fixedvalues for gold and the U.S.dollar, 5 k6 u, p) Q2 t2 ~) Y
玛 丽:直到1971年,这些协定确实起着这样的作用。在当时,国际外汇汇率是以黄金和美元的固定价值来定价的,
+ P: y: I/ M1 f( @7 `% P which was considered to be the key currency . % O; I p, Y+ c9 G9 [( p2 u
黄金和美元被分认为当时的主要通币。
1 X6 b$ C% e6 D0 v6 T8 A B:What happened in 1971 to change this ? / A0 A4 Q+ B. C0 i& _
布莱克:那么,1971年时,什么原因改变了这一点呢? 7 N- Z) k! v1 \9 W4 q4 N3 c
J:The surplus of dollars abroad from foreign aid,capital exports and chronic balance of paymentsdeficits forced the U.S. to formally suspend gold convertibility . 7 h# v& p8 k/ R' r2 Z+ U( I7 R6 ?
玛 丽:由于外援而造成的国外的美元过剩,资本的输出和长期的国际收支逆差迫使美国正式中止了黄金的可兑换性, / i, T0 }4 J, j8 g5 w9 {
This brought an end to the old Bretton Woods System. + G; ~ i0 R: F
致使旧的布雷顿森林体系宣告结束。 |