In all the other cases fiscal policy either had no discernible exchange rate effect or it was the expansion of the deficit that caused the exchange rate to fall.
在其余案例中，要么看不出财政政策对汇率产生影响，要么反而是赤字扩大导致汇率下跌。
This paper tries to analyze the disadvantage influence on Chinese economy by studying the American double deficits via interest effect, exchange rate effect and …
本文分析了美国“双赤字”通过利率效应、汇率效应以及利率汇率综合效应对中国经济的不利影响，并在此基础上提出了相关政策建议。
Although the RMB yuan was fixed against the us dollar for several years, it has been fluctuating against the Korean won, which provides us with a natural experiment to test the exchange rate effect.
虽然人民币汇率制度在很长一段时间都是紧盯美元的，但它对韩元一直是波动的，这为我们提供了一个自然实验去测试汇率制度的影响。
There are some theories that exchange rate appreciation can reduce saving, but the magnitude of the effect is, at best, minute.
有一些理论称，汇率升值可以减少储蓄，但这种做法充其量是收效甚微。
Changing the exchange rate will not have any effect on these structural phenomena.
调整汇率，不会对这些结构性现象产生丝毫影响。
The eventual effect was to move financial volatility from the currency to the bond markets, with uncompetitive countries facing higher borrowing costs rather than pressure on their exchange-rate pegs.
结果将金融的动荡性从货币市场转到了债券市场，没有竞争力的国家面临更高的借贷成本，而不是固定汇率的压力。
This is because the effect of the exchange rate appreciation was overwhelmed by other factors on both the American and Chinese side.
这是因为汇率升值的影响被美方和中方之间的其它因素所抑制。
Exchange risk is the effect that unanticipated exchange rate changes have on the value of the firm.
外汇风险是指意料之外的汇率变动对公司价值的影响作用效果。
Consider the company's transfer prices for sales between affiliates. What effect might alternative pricing policies have on the gains or losses from exchange rate changes?
考虑关联方之间销售公司的转移价格。什么样的影响可能替代价格政策的收益或损失，汇率的变化呢？
He adds a let - out clause to the effect that the payment will be revised if the exchange rate fall by more than5%.
他加了一个避免条款，大意是：如果汇率下跌超过去5%，付款将被修改。
Solute exchange has little effect on absorption rate, adding to an overall reproducibility.
溶质交换相对总的再生性来说对吸收率几乎不起作用。
While the mismatch level of RMB real exchange rate brings dramatic negative effect on Sino-US export trade.
而实际汇率错位水平对中美出口贸易则产生了显著的负向影响。
The empirical analysis of domestic and international research show that rate of exchange has not effect on export over a long period of time.
国内外的一些实证研究表明，汇率对出口没有长期的显著影响，对中国出口数据所做的经济计量分析也证明了这一结论。
A devaluation leads to a real depreciation in the short run but has no effect on the real exchange rate in the long run.
贬值导致了短期内真实的跌价，但是它对长期实际汇率并无影响。
The results of the exchange kinetics indicate that the controlling factor of the exchange rate is governed by the mass transfer effect.
交换动力学研究表明：交接速度的控制因素是传质效应。
Exchange rate disequilibrium and adjustment will affect the price of real estate by liquidity effect, expectation effect, wealth effect, spill-over effect, and credit expansion or depression effect.
汇率失衡及其调整，通过流动性效应、预期效应、财富效应、溢出效应以及信贷扩张或收缩效应等影响房地产价格。
Methods: We analyzed the therapeutic effect of non-invasive ventilation on respiratory muscles, lung function, arterial gas exchange, exertion tolerance, quality of life and morality rate.
方法：从无创呼吸机治疗对呼吸肌、肺功能、血气交换、活动耐量、生活质量和生存率的影响，来分析其疗效。
The research subject of this thesis is the effect of change of RMB real effective exchange rate on China's economic growth.
因此，本文在检验人民币汇率对中国经济增长影响的时候采用的是人民币实际有效汇率。
The depreciation of RMB' real effective exchange rate significantly promotes economic growth and its effect tends to be higher.
人民币实际有效汇率贬值的经济增长效应显著存在，且有提高趋势。
The target zone exchange rate model of Krugman and the demonstration effect can be suitable in the process of economic transition, and it is a realistic and feasible choice for China.
克鲁格曼的汇率目标区理论和实证分析，可以较好的适用于中国经济转型期，并是一个现实的、可行的选择。
So we can conclude that recent Renminbi's appreciation has restrational effect on china's inflation, but impact is low. And the exchange rate has more impact on PPI than CPI.
通过这一发现我们可以认为我国人民币升值对国内的通货膨胀存在着抑制作用，但是作用比较小，抑制效果比较有限。
The higher exchange rate of the euro should have a moderating effect on inflation developments which will mainly materialise over a fairly long period of time.
欧元升值则会缓和通货膨胀的压力，但需经过一个相当长的时期，其效果才能充分显现出来。
He ADDS a let - out clause to the effect that the payment will be revised if the exchange rate falls by more than 5%.
他添加了一保留条款，意思是：如果兑换率跌幅超过5%，那么要对付款方式作调整。
These effects of the exchange-rate depreciation do not erase the effect of initial loss of export income.
汇价下跌的这些影响并不会消除最初的出口收入损失的影响。
As co-integration test reflects regulation between international trades and real exchange rate, correction mechanism suggests certain counter-regulation effect on export and weak effect on import.
协整检验揭示国际收支与实际汇率之间存在协整关系，误差修正模型揭示对出口额的波动具有一定的反向调节作用，而对进口额的反向调节作用则很微弱。
Furthermore, we studied negative effect of the deviation of RMB exchange rate in respect of resource draining, profit and loss over foreign currency reserve and integration of global market price.
在计算的基础上，我们进一步从资源流失、外汇储备损益和国内外市场价格的一体化三个角度来研究了人民币汇率偏差的负效应。
Furthermore, we studied negative effect of the deviation of RMB exchange rate in respect of resource draining, profit and loss over foreign currency reserve and integration of global market price.
在计算的基础上，我们进一步从资源流失、外汇储备损益和国内外市场价格的一体化三个角度来研究了人民币汇率偏差的负效应。
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