But a floating-rate system is not a free lunch either.
但是，浮动汇率体系并不是免费的午餐。
Based on the reality in China, China will adopt a manageable floating exchange rate system for RMB according to the demands of the market.
从中国实际出发，人民币汇率是要实行面向市场需求的、有管理的浮动汇率制。
The 1930s gold standard was a fixed exchange rate system in which deficit countries were required to adjust by way of deflation rather than devaluation.
上世纪30年代实行的“金本位制”是一种固定汇率制度，赤字国家必须通过通缩、而非汇率贬值的方式进行调整。
We adopt a floating rate system.
我们采用浮动汇率制。
Yes. We adopt a floating rate system.
是的。我们采用浮动汇率制。
Fifth, China's exchange rate system will be challenged.
第五，中国的汇率制度会受到挑战。
The world saw a return to a floating exchange rate system.
世界又恢复到浮动汇率制度。
The target of the reform of interest rate system is marketization.
我国利率体制改革的目标是实现利率市场化。
This paper presents introduction of the target zone exchange rate system.
本文介绍汇率目标区的基本模型。
The new exchange rate system was started with a profound historical background.
新的汇率制度的产生，有着深刻的历史背景。
The theory of optimum currency areas is on exchange rate system and monetary integration.
最适货币区域理论是关于汇率机制和货币一体化的理论。
The paper presents a new adaptive code rate system for radio channel, based on that result.
并在此基础上提出了一种新型的针对无线信道的码率自适应系统；
It is not surprising, then, that the world saw a return to a floating exchange rate system.
在这种情况下，世界各国又恢复浮动汇率就不足为奇了。
The choice of exchange rate system directly influences the effect of macro economic policies.
汇率制度的选择直接影响一国宏观经济政策的效力。
Increasingly frequent economic cr ises require the coming of new international exchange rate system.
日益频繁的经济危机呼唤着新的国际汇率体系的到来。
The low rate system adequately hydrolyzed the feed solids and yielded 70% COD and 80-90% TSS removals.
此慢速系统充分水解了进水中的固体物，并取得70%COD去除率和80 ~ 90%总悬浮物去除率。
Milton Friedman, a monetarist economist, argued that adjustments were easier in a floating-rate system.
作为货币学派的领军人物，米尔顿·弗里德曼坚信在浮动汇率制里可以更容易地进行经济调整。
Perhaps the lesson of the past 40 years is that neither a fixed nor a floating-rate system is a panacea.
或许我们从这过去的40年里所得到的教训就是：无论是固定汇率制还是浮动汇率制，它们都不能包治百病。
The exchange rate system is a bridge to the realization of internal and external equilibrium to the economy.
汇率制度是一国经济实现内外均衡的桥梁。
The theory of exchange rate researches the factor deciding exchange rate and the choice of exchange rate system.
汇率理论研究汇率的决定因素和汇率制度的选择；
The choice of exchange rate system has a direct impact on the effectiveness of a country's macroeconomic policy.
汇率制度的选择直接影响一国宏观经济政策的效力。
The Basic interest rate is in a key position and plays a leading role in the financial market and interest rate system.
基准利率是在整个金融市场上和利率体系中处于关键地位和起主导作用的利率。
Article27the managed floating exchange rate system based on market supply and demand is adopted for renminbi exchange rate.
第二十七条人民币汇率实行以市场供求为基础的、有管理的浮动汇率制度。
This paper will briefly answer the question of RMB exchange rate's fluctuation characteristics under the new exchange rate system.
如何理解人民币汇率在新汇率制度下的波动特征是本文将要简要回答的问题。
A hybrid robust repetitive control scheme is presented to reject position relevant periodic disturbance in rate system of turntable.
提出了一种混合形式的鲁棒重复控制方法，来抑制转台速率系统中存在的位置相关周期性扰动。
Furthermore, we should set up the more elastic exchange rate system, considering exterior condition enough, avoiding "extrusion effects".
此外，我国应建立更有弹性的汇率机制，充分顾及外部条件，防止“挤出效应”的发生。
Furthermore, we should set up the more elastic exchange rate system, considering exterior condition enough, avoiding "extrusion effects".
此外，我国应建立更有弹性的汇率机制，充分顾及外部条件，防止“挤出效应”的发生。
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