Chap10 The International Monetary System(13)

The Role Of The IMFThe IMF was charged with executing the main goal of the Bretton Woods agreement - avoiding a repetition of the chaos that occurred between the wars through a combination of discipline and flexibility国际 货币基金组织负责通过纪律和灵活性的结合执行布雷顿森林协定的主要 目标——防止发生于战争之间的混乱重复 Discipline mean that: the need to maintain a fixed exchange rate put a brake on competitive devaluations and brought stability to the world trade environment 维持固定汇率的需要停止了竞争性货币贬值，稳定了世界贸易环境 a fixed exchange rate regime imposed monetary discipline on countries, thereby curtailing price inflation 固定汇率制度强制在各国实行货币法律，因此减少价格上涨山东经济学院·国际贸易学院 School of International Trade, Shandong Economic University 1-13