汇率机制

However, he says reform of the exchange rate regime remains an important objective in China.

但他表示，改革汇率机制仍是中国的重要目标之一。

I believe that China's July 21, 2005 the beginning of the exchange rate mechanism reform, is a very big mistake.

我相信，中国在2005年7月21日的汇率机制改革的开始，是一个很大的错误。

Third, the paper states that the current RMB exchange rate regime basically conforms to the goals of economic development and the requirements for adequate employment, through the analysis of Krugman "Trilemma" and Balassa Samuelson "Balassa-Samuelson Hypothesis" in combination with the study of Chinese economic development.

第三，从分析克鲁格曼的"三元悖论"到巴拉萨-萨谬尔森的"波及效应"，结合中国自身的经济发展状况，指出我国现行的人民币汇率机制基本上是顺应中国经济增长目标和就业的需要。

The succedent implications are positive from a long-term perspective, and the reform will help to improve the exchange rate formation mechanism and the initiative and flexibility of monetary policy, change the growth of economic depending on external demand too much, be easy to correct the imbalances in global economic growth, and make positive contribution to world economic growth.

改革之后，随之而来的影响从长期来看是积极的，人民币汇率形成机制的改革将有利于完善中国汇率形成机制，提高货币政策的主动性和灵活性，改变过分依赖外需的经济增长，同时也易于校正全球经济增长的不平衡，对世界经济增长做出积极贡献。

The fall, which exceeds the depreciation after Britain was turfed out of the European exchange-rate mechanism in 1992, has passed through three main stages.

这个比1992年英国被排除在欧洲汇率机制之外以后幅度还要大的贬值经历了三个主要阶段。

Lastly this paper puts forward the suggestion of strengthing the building of finance circumstance in undeveloping areas,smoothing the transmission mechanism of interest rate,improving foreign exchange rate rules and strengthing the rule of foreign exchange rate in monetary policy.

最后建议：加强欠发达地区的金融生态建设，改善利率传导机制，完善人民币汇率形成机制，增强汇率渠道在货币政策传导中的主动性。

But if Beijing wants to reap all the rewards coming from such a move, including cheaper imports, an end to international pressure for currency reform, and a petering out of hot money inflows, then the one-off revaluation will need to be of a sufficient magnitude to convince everyone that the yuan won't be due for another hike in the not-so-distant future.

但如果中国政府想收获人民币一次性升值所带来的全部好处，包括进口价格的降低、消除国际上要求中国改革汇率机制的压力并使热钱逐渐停止流入，那么人民币一次性升值的幅度就必须足够大，这样才能让大家相信人民币在不远的将来不会再度升值。

"The only way the dollar will benefit from a currency regime change is if China announces a large one-off revaluation of the renminbi which douses speculative inflows into China," says Mr Derrick.

德里克表示：美元从中国汇率机制改革中受益的唯一途径是，中国宣布人民币一次性大幅升值，这将抑制热钱的流入。

Hong Kong and Singapore, which both have managed currency regimes, were also buyers.

实行管理下的汇率机制的香港和新加坡也买入了美元。

With the opening of capital management and independent currency policy, we must change the limit of floating rate policy.

针对汇率机制中存在的问题，我提出了相应的改革方案。

I am accused of being overreligious," she said in her quiet, frank manner,"but that does not prevent me thinking the children very cruel who obstinately commit such suicide.""

客人们在卡罗利娜·埃凯家里，举止就文雅一些，因为卡罗利娜的母亲治家很严厉。

Designed by French fashion house Herm è s, this elegant uniform was manufactured in our home, Hong Kong, and was the first without a hat.

由著名品牌 Herm è s 设计，这件高贵的制服是香港本土制造，是我们第一套不配帽子的制服。