论文部分内容阅读
一、外币期货及其合约 自1960年10月第一次美元危机爆发时起,美国的外贸易,国际收支每况愈下,美国资本大量外流,布雷顿森林体系下的“纸黄金”——美元的地位发岌可危,西方各国又对美国不顾实际硬性维持以美元为中心的固定汇率制度的做法极其不满,于是,加拿大在1970年首破固定汇率制,单独改行浮动汇率制,其后,西德、荷兰、比利时相继效仿,迫于美元霸权地位的一去不复返,1971年8月15日、当时美国尼克松政府被迫宣布实行“新经济政策”,
I. Foreign Currency Futures and Their Contract Since the first U.S. dollar crisis broke out in October 1960, the U.S. foreign trade and the balance of payments have been deteriorating. With the massive outflow of U.S. capital, the “paper gold” under the Bretton Woods system - the U.S. dollar At a time when the United States was in a precarious position, the United States was extremely dissatisfied with the United States’ practice of rigidly fixing the U.S. dollar-centered fixed exchange rate system. As a result, Canada first broke the fixed exchange rate system in 1970 and switched to the floating exchange rate system alone. Thereafter, Germany, the Netherlands, and Belgium all followed suit. For a long time, the hegemony of the dollar was gone. On August 15, 1971, when the Nixon administration was forced to announce the introduction of the "new economic policy,