As a result , exchange rates can fall without upending their balance-sheets.
事实上用不着调整资产负债表汇率就会下降.
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The widespread floating of exchange rates was in direct violation of the rules of the IMF.
大辐度的汇率波动是直接违反国际货币基金的规定的.
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The IMF nurtured the illusion that it could keep exchange rates pegged most of the time.
国际货币基金组织一直抱有幻想,认为它可以在大部分时期稳住外汇汇率.
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This common wisdom has an extra meaning in the world of exchange rates and currency trading.
这种普通知识在汇率和货币交易领域里具有一种特殊含义.
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Flexible exchange rates seem to perform better in the face of shifts in export demand.
看来变动汇率在面临出口需求变动时能发挥较好的作用.
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Flexible exchange rates yield an intermediate outcome in the face of capital-flow shocks.
变动汇率在面临资本流动冲击时能产生一种缓冲的效果.
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A majority of monetary officials is still striving to restore greater fixity to exchange rates.
大多数金融官员仍力图使汇率恢复较大的固定性.
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Widely fluctuating exchange rates may adversely affect international trade.
浮动幅度很大的汇率可能会对国际贸易产生有害的影响.
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Rigid exchange rate and interest rates will bring the pressure of excess liquidity.
而汇率和利率的刚性又会带来过剩的流动性压力.
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第一幅图展示的是,世界最大的三个经济体在全球GDP中所占的份额(各国GDP均按市场汇率换算成美元)。
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