这一机制是有效的，在它的作用下，金本位制度过去曾在整个欧洲运行。

It is also the effective mechanism by which gold standard systems have operated in the past, throughout Europe.

youdao

这一机制跟今天的货币发行局作用相同，这也是为什么我说金本位制度就像是一个“与黄金挂钩的货币发行局”。

This is a mechanism identical to today's currency boards, which is why I say that a gold standard system is like a "currency board linked to gold.

youdao

多数时候，这一做法凭借金本位制度得以实现。

Most of the time, this was accomplished with a gold standard system.

youdao

It was gradually adopted by other countries through time and the United States didn't officially adopt it until 1900.

随着时间的流逝，它渐渐被,其它国家所采用,美国直到1900年才正式采用金本位制度。

耶鲁公开课 - 金融市场课程节选

The United Kingdom was the prominent first case even though they had invented the gold standard hundreds of years earlier.

英国是著名的第一个放弃金本位的国家,即使它在几百年前,发明了金本位制度。

耶鲁公开课 - 金融市场课程节选

So central banks around the world began to manage became managers of inflation rather than defenders of a gold standard.

所以，世界各地的中央银行,开始管理，成为了通货膨胀的管理者,而不是金本位制度的守卫者。

耶鲁公开课 - 金融市场课程节选