Chap10 The International Monetary System(14)

The Role Of The IMFFlexibility meant that: while monetary discipline was a central objective of the agreement, a rigid policy of fixed exchange rates would be too inflexible虽然货币纪律是协议中心目标，死板的固定汇 率制度会很不灵活 the IMF was ready to lend foreign currencies to members to tide them over during short periods of balance-ofpayments deficit, when a rapid tightening of monetary or fiscal policy would hurt domestic employment当货币或财政 政策迅速紧缩将损害国内就业时，国际货币基金组织准备借 贷外币给成员，来帮助他们在短期收支赤字时期渡过难关山东经济学院·国际贸易学院 School of International Trade, Shandong Economic University 1-14