首页> 外文期刊>Forbes >THE FED PLAYS WITH FIRE
【24h】

THE FED PLAYS WITH FIRE

机译:美联储玩火

获取原文
获取原文并翻译 | 示例
           

摘要

The u.s. dollar may be cyclically weak right now, but it remains the main vehicle for foreign exchange transactions, the leading international invoice currency and the most important medium for official reserves and interventions to influence exchange rates. In addition, it provides an anchor for many countries outside Europe to peg their currencies to, and for some countries like Panama, the dollar even serves as the official currency.rnIn short, the dollar rules, to the great benefit of the U.S. Could it lose its dominion? It could. Flabby monetary policy could bring on nasty inflation, a collapse in Treasury bond prices and the dollar and a lot of economic hardship.rnTwo worrisome signs are a flight of private money from the dollar and negative real interest rates. Private investors are starting to move their money to China and other countries with currencies they expect to appreciate.
机译:美国。美元目前可能周期性疲软,但它仍然是外汇交易的主要工具,主要的国际发票货币,也是官方储备和干预汇率的最重要手段。此外,它为欧洲以外的许多国家/地区提供了与美元挂钩的锚点,而对于巴拿马等一些国家,美元甚至可以作为官方货币。失去统治权?它可能。宽松的货币政策可能导致令人讨厌的通货膨胀,美国国债价格和美元的崩溃以及许多经济困难。rn令人担忧的两个迹象是私人资金从美元逃离和实际利率为负。私人投资者开始用他们希望升值的货币将资金转移到中国和其他国家。

著录项

  • 来源
    《Forbes》 |2008年第2期|108|共1页
  • 作者

    Steve H. Hanke;

  • 作者单位
  • 收录信息 美国《科学引文索引》(SCI);
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱:kefu@zhangqiaokeyan.com

京公网安备:11010802029741号 ICP备案号:京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有
  • 客服微信

  • 服务号