Unit_9_The_Macroeconomics_of_International_Currencies 对外经贸大学金融英语知识点总结.doc

Unit 9 The Macroeconomics of International Currencies collapse（倒塌）- ending, termination, fall, break down lead to（导致）- result in, bring about, cause fundamental（根本上）- essential, primary international liquidity（国际清偿力，国际流动性）- (reserves assets) total amount of reserve assets held by a country’s central authority, including monetary gold（货币黄金）, special drawing rights（SDRs 特别提款权）, reserve position of IMF（储备头寸）, foreign exchange（外汇） endogenously（内在地，本身）- intrinsically, by its own nature fiat system（信用本位，法币体制）- monetary system in which the value of money is determined by government’s decree. depart from（除了）- go away from, deviated from commodity standard（商品货币本位）- monetary system in which the value of money is based on physical commodity such as gold and silver. prevailed（流行）- popular limit（范围）- range given（定义为）- determined gold points（输金点，黄金输出点）- relationship between changes in foreign exchange rates and costs of importing or exporting gold in the case of disequilibrium of a country’s balance of payout under gold standard. a balance of payments surplus（国际收支顺差，国际收支盈余）- excess of receipts over expenditure in the balance of payment nonmonetary gold（非货币黄金） hence（因此）- there for, as a result, consequently participating currencies（参与货币）- key currencies effectively（实际上）- in fact currency substitution（货币替代）- adoption of one currency in place of another to function as money incentive（激励）- motivation engage in（采取）- adopt be witnessed by the fact that（见证了）- be observed that deviation from（偏离）- departure from mint parity（铸币平价） offset（抵消）- to be balanced out so long as（只要）- as long as back … with（支持）- support, show up substitute A for B/ substitute B with A（用A替代B） precisely（精确）- exactly dependability（可靠性）- reliability on the supply side（政府干预）- by the participating government realm（同种货币）- the same currency allied（同盟国） referred to（称作）- called gold exchange standard（金汇兑本位制） relative to（涉及）- in terms of be committed to（定义为）- be determined to predominant（最重要的）- the most important par value（平