但是，浮动汇率体系并不是免费的午餐。
我未能看到过剩资本流动和当前浮动汇率体系的联系。
FAIL to see the connection between excessive capital flows and the current system of flexible exchange rates.
诚然，在浮动汇率体系下，复杂的风险因素和政策偏好特征令人们很难认清当前汇率大幅波动的内在逻辑。
True, given complex risk factors and idiosyncratic policy preferences, it has been particularly challenging of late to divine the logic underlying big exchange-rate swings.
由国际货币基金组织(MF)员于1976签订的牙买加协议，确定了代替布雷顿森林体系的浮动汇率体系。
The Jamaica Agreement of1976, signed by IMF members, formalized the floating rate system that replaced the Bretton Woods system.
对于汇率传递问题的关注开始于世界由固定汇率体系向浮动汇率体系转变的时期，目前它仍然是关于外部调整研究的重要内容。
The research on pass-through effects began from the exchange rate system changed from fixed system to float system. It is still an important component of the exchange rate's research.
布雷顿森林体系的创造者认为浮动汇率会极不稳定。
The Bretton Woods founders had believed that floating rates would be dangerously unstable.
在1973年初，大多数主要国家的货币开始使用的浮动汇率制度，布雷顿森林体系。
In early 1973, most currencies of major countries started to use floating exchange rate system, Bretton Wood system is over.
环境管理体系既不是一个完美的浮动汇率制度，也不是完全固定的系统。
The EMS is neither a perfect floating regime nor is the system wholly fixed.
自20世纪70年代布雷顿森林体系崩溃以来，国际货币体系进入了浮动汇率合法化的牙买加体系时代。
Since the collapse of the Bretton Woods system in the 70s of 20th century, the international monetary system has entered in Jamaica system, in which floating exchange rate becomes legitimate.
布雷顿森林体系的解体，导致各国货币和美元脱钩，并建立了浮动汇率制。
The disintegration of the Bretton Woods system, resulting in national currencies getting away from the dollar link, and establishing the floating exchange rate system.
文章通过对目前国际金融体系现状的分析，得出真正意义上的管理浮动汇率制度是符合我国利益的最佳汇率制度选择。
Through the analysis of the current state, we conclude that the truly managed floating exchange regime is the best selection for china.
文章通过对目前国际金融体系现状的分析，得出真正意义上的管理浮动汇率制度是符合我国利益的最佳汇率制度选择。
Through the analysis of the current state, we conclude that the truly managed floating exchange regime is the best selection for china.
应用推荐