Then, the paper analyzes the concrete reasons and the effects on economy of exchange rate misalignment.
然后，本文结合我国的国情和模型参数分析了汇率失调的具体原因。
The third is how to reconstruct the exchange rate system if it exists the misalignment of real exchange rate and real equilibrium exchange rate.
第三，一旦实际汇率与实际均衡汇率错配，将如何进行制度重构与政策修正。
Then, the paper analyzes the harm of RMB exchange rate misalignment, the reason of long-run undervaluation, and sustainability.
然后，本文分析了汇率失调的危害、长期低估的原因和可持续性。
The result indicates exchange rate misalignment increases the state of foreign trade unbalance in some degree, but it is not the main reason.
研究结果表明，汇率失调在一定程度加大了我国外贸失衡的状况，但并非主要原因。
At last the thesis discusses exchange rate misalignment, and gives some opinion of its cause and resolution.
在这些工作的基础上，本文进一步讨论了汇率失调问题，对其成因和解决方式提出了看法。
And hence the misalignment rate of RMB exchange rate level is conform to international convention in recent years, and formulation of the RMB exchange rate is reasonable.
那么，近几年人民币汇率失调程度是符合国际惯例的，目前人民币汇率水平的制定也是合理的。
A recent study investigated the effects of real exchange rate misalignment and instability on economic performance.
最近的一项研究调查了实际汇率失调和动荡对经济实绩的影响。
A recent study investigated the effects of real exchange rate misalignment and instability on economic performance.
最近的一项研究调查了实际汇率失调和动荡对经济实绩的影响。
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