To maintain the exchange rate stability, the central bank would have to use base money to intervene in the foreign exchange.
要保持汇率稳定,央行就不得不动用基础货币来干预外汇。
When the Bank of England was trying to keep the pound in the Exchange Rate Mechanism in 1992, it had to use its limited foreign-exchange reserves to buy sterling.
1992年英国央行为了保住英镑在汇率机制中的地位就不得不利用它有限的外汇储备来购买白银。
The Treasury can no longer use its foreign-exchange account to backstop money-market funds-worrying, given the exposure of money-market funds to European Banks.
财政部不得使用外汇账户支持货币市场基金—因为基金是面向欧洲银行的,人们担心这会引起本国的危机。
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