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。
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。
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。
In other words, the design of the pegging and exchange rate system is the crucial element.
换句话说，设计的是钉住汇率制度和关键环节。
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。
In fact, a fixed-rate system such as the euro zone brings about even larger excessive capital flows.
实际上，诸如欧元区的固定会制度印制更大的过剩资本。
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。
In 1999 IMF reassessed all countries' exchange rate regime and the renminbi was defined as pegged exchange rate system.
人民币有管理浮动汇率制度在1999年IMF对各国汇率制度重新评估时被界定为严格盯住汇率制度。
The Jamaica Agreement of1976, signed by IMF members, formalized the floating rate system that replaced the Bretton Woods system.
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。
In the background of globalization, the float exchange rate system will return to the fixed one, in the form of currency unions.
全球化背景下浮动汇率制将以货币联盟的形式向固定汇率制复归。
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。
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。
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。
The current exchange rate system is a managed floating exchange rate system based on market supply and demand that has developed since 1994.
现行的汇率机制是一个1994年以来建立在市场供求基础上有管理的浮动汇率体制。
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。
Thro ugh the study of the system choice theory of the exchange rate, we find the choice of exchange rate system is a dynamic transformation course.
研究汇率制度选择理论可以发现，汇率制度的选择是一个不断转换的动态过程。
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。
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。
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