China and most other emerging economies are likely to see continued demand deflation in the next 12-18 months and further nominal currency depreciation.
中国及其他多数新兴经济体在未来12至18个月可能会看到持续的由需求方面引发的通缩，同时名义汇率将进一步贬值。
The economic collapse, when inflows of capital halt, can be very painful - even more so if a fixed exchange rate (or currency union) demands a period of falling nominal wages and prices.
当资本流入停滞的时候，经济崩溃可能是非常痛苦的——如果固定汇率(或货币联盟)要求名义工资和价格在一定时期内下降，情况就更加糟糕。
On a nominal basis, for example, it is clear that the currency is appreciating, interest rates are rising, and wages are soaring, but it is not the nominal change that matters.
例如，基于名义上，很明显，货币在升值，利息在提高并且工资在增长，但是这些不只是名义变化的事情。
Therefore to achieve a sound balance of payment is to seekequilibrium exchange rate of a currency and then to adjust nominal exchange rateto a stable equilibrium level by all means.
所以，要实现国际收支均衡的核心就是寻找货币的均衡汇率，再通过各种手段调节、干预名义汇率稳定在均衡汇率的水平上。
The nominal depreciation of the U. s. dollar versus the other major currencies has been orderly, and options markets suggest that investors are not expecting sharp currency movements.
美元对其他主要货币的名义贬值一直是有序的，而且，期权市场也表明，投资者现在也不预期货币会出现剧烈的变动。
Then it analyzes the interaction among the inflows of foreign fund under the condition of its unsymmetrical flow, domestic nominal interest rate, and inflation of currency, as well as the limit…
然后分析在外资流动的不对称性情况下外资流入、国内名主利率和通货膨胀之间的联动性，以及作为反通货膨胀工具的冲销政策的有限性；
Then it analyzes the interaction among the inflows of foreign fund under the condition of its unsymmetrical flow, domestic nominal interest rate, and inflation of currency, as well as the limit…
然后分析在外资流动的不对称性情况下外资流入、国内名主利率和通货膨胀之间的联动性，以及作为反通货膨胀工具的冲销政策的有限性；
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