In fact , no currency regime is right for all countries or at all times ( frenkle , 1999 ) 虽然我国官方公布的是人民币汇率制度为有管理浮动汇率制度，但从实际情况看人民币基本上还是属于钉住美元的固定汇率制度。
Since the nineteenth century , there ' s been an ongoing debate between the merits of fixed exchange rates and those of floating exchange rates 十九世纪以来固定汇率制和浮动汇率制之间的论战一直就未曾平息过。
To be at least 100 per cent backed by us dollar reserves held in the exchange fund at the fixed exchange rate of hk $ 7 . 80 to us $ 1 由外汇基金持有的美元储备，按7 . 80港元兑1美元的固定汇率提供最少百分之百的支持。
A fixed exchange rate , provided that it is credible , offers a useful nominal anchor to deal with changes in fund flows 至于固定汇率，只要是具有公信力的话，便能成为有效的可以赖以保持稳定的支柱，应付资金流向的变动。
If the exchange rate is fixed against a particular currency , the domestic inflation rate will be higher than that of the anchor currency 若人民币实行与某货币挂?的固定汇率制度，内地的通胀将会高于货币锚所属的经济体系。
What ' s more , the fixed exchange rate system also promotes the possibility of crisis , especially when it was applied with the high interest 同时，当固定汇率制与高利率结合时，取得外资的国家成本相当高，风险也相对比较大。
The credibility of the fixed exchange rate under a currency board system therefore depends crucially upon the credibility of the convertibility undertaking 因此，在货币发行局下的固定汇率的公信力，主要视乎兑换保证的公信力。
E . ogawa ) in ito and kruger eds . , regional and global capital flows : macroeconomic causes and consequences , university of chicago press , chicago 2000年《国际资本流入、固定汇率制度和金融体系的脆弱性》 (日语) 。日本一桥大学博士学位论文。
