In fact, a fixed-rate system such as the euro zone brings about even larger excessive capital flows.

实际上，诸如欧元区的固定会制度印制更大的过剩资本。

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Devaluations and revaluations are the main ways of changing exchange rates in a nearly fixed-rate system, a system where the rate is usually, but not always, fixed.

升值和贬值是改动了近固定汇率制度的汇率，一个系统，通常的速度，但并不总是固定的主要途径。

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The SDR was created in 1969, during the Bretton Woods fixed exchange-rate system, because of concerns that there was insufficient liquidity to support global economic activity.

SDR始创于1969年，当时正处于布雷顿森林固定汇率体系中。创立其目的是为了解决当时支持全球经济活动资金流动性不足的问题。

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If a country does not improve its fiscal policy, a fixed-rate system may simply store up trouble.

ECONOMIST: Exchange rates

That manipulated, pegged, or fixed-rate system worked well in the early postwar years when there was apparently an unlimited demand for dollar reserves, which we were happy to provide to the world in the form of external deficits.

FORBES: Currency Manipulation

Like any fixed exchange-rate system, a currency board offers the prospect of a stable exchange rate, which can promote both trade and investment.

ECONOMIST: The ABC of a currency board