Inflation targeting is the new gold standard, largely guiding even the conduct of the European Central Bank, which retains a "monetary pillar".

以通货膨胀为目标是一种新的黄金标准，这一标准甚至在很大程度上影响了货币主义的重要支持者——欧洲中央银行的行为。

youdao

That is the belief of those such as Nobel laureate Robert Mundell, who reckons we have a far inferior international monetary system today than we did a century ago under the gold standard.

这正是诺贝尔奖得主罗伯特·蒙代尔(Robert Mundell)等人的信念。蒙代尔认为，目前的国际货币体系远不如一个世纪前金本位制度下的体系。

youdao

Triffin' s problem reveals the dilemma of international monetary system under gold ex-change standard and this proposition has its typical meaning and it is necessary to make anextending.

“特里芬难题”揭示了国际货币在金汇兑本位制度下的两难困境，这一命题具有典型意义和引伸的必要。

youdao

Regarding the first advantage, some believe that humanity has already found the ideal monetary standard in gold.

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John Maynard Keynes, as opposed to modern Keynesians, was a practical man and was quite clear in his earlier writings about the importance of a monetary standard.

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This brings us at last to the monetary standard.

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