The swap market in hong kong plays an important role in channelling funds. it is also a highly efficient indicator of confidence in the linked exchange rate .
本港的掉期市场是资金中转的重要渠道，亦是有效反映市场对联系汇率信心的指标。
The swap market in Hong Kong plays an important role in channelling funds. it is also a highly efficient indicator of confidence in the linked exchange rate.
本港的掉期市场是资金中转的重要渠道，亦是有效反映市场对联系汇率信心的指标。
It would be more efficient to implement policies that would change the equilibrium real exchange rate itself.
实施改变均衡实际汇率本身的政策可能会更为有效。
The traditional exchange rate theory basing on the hypotheses of efficient market and rational expectations has in recent years been the victim of people's doubts and challenges.
传统的汇率理论是构建在有效市场与理性预期假设基础上的，近年来，该理论不断遭受人们的质疑与挑战。
The traditional exchange rate theory basing on the hypotheses of efficient market and rational expectations has in recent years been the victim of people's doubts and challenges.
传统的汇率理论是构建在有效市场与理性预期假设基础上的，近年来，该理论不断遭受人们的质疑与挑战。
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