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。
This paper tries to analyze the disadvantage influence on Chinese economy by studying the American double deficits via interest effect, exchange rate effect and …
与此同时，汇率游戏会对所有人产生扭曲效应。
In the meantime the currency game has distortive effects for everyone.
长期实际汇率主要取决于经济的供给面，即生产率的变化，这一思想体现在巴拉萨—萨缪尔森效应的模型中。
In the long run, real exchange rates are mainly determined by the supply-side of an economy (changes in the productivity), which is embodied in the model of Balassa-Samuelson effect.
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".
在对经济的高速增长时期实际汇率变动态势的研究中，从劳动生产率因素出发的“巴拉萨·萨缪尔森效应”是最具影响力的理论。
Among the studies about real exchange transition trend during a country's high growth period, "Balassa-Samuelson effect" is the most influent theory from the standpoint of labor productivity factor.
在评估汇率干预有效性的过程中，研究者根据两种理论假设，探讨汇率干预的效应。
In the process of evaluating the intervention effect, researchers rely on two theoretical hypotheses: one is the portfolio-balance theories, the other is the signaling theory.
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 depreciation of RMB' real effective exchange rate significantly promotes economic growth and its effect tends to be higher.
本文构建的多元波动模型结果显示，两国汇率之间的相关性在金融危机期间倾向于增加，存在显著的汇率风险传染效应。
We can also see that the correlation between country exchange rates tend to increase during the financial crisis, and the currency risk contagion effect is significant.
我国汇率变化对出口的影响大于进口，并且通过外汇占款对货币供应量产生连锁效应。
The change in exchange rate affects more on export than import and it also has an impact on money supply via the purchase of foreign exchange.
汇率波动对进出口价格具有传递效应。
Exchange rate shake has pass-through effect on imported and exported prices.
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。
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.
汇率调整的决策应该在对汇率调整的宏观经济效应进行综合分析的基础上进行。
The adjustment of ex-change rate should be made on the basis of comprehensively analyzing the macroeconomic effectiveness of the adjustment.
检验结果显示，六个变量之间存在长期的协整关系，但人民币汇率对我国消费价格的传导效应较弱。
The results show all the six variables are co-integrated in the long run, while the effect of RMB exchange rate pass-through on China's CPI is weak.
汇改后，人民币汇率对信息反应速度有所提高，既不存在杠杆效应，也不存在风险溢价效应。
RMB exchange rate has a quicker response to information after the reform. The return has neither a characteristic of leverage effect nor a risk premium effect.
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.
汇率错位的间接效应对真实农业支持水平的转移程度比不存在传递效应时显著下降。
The indirect effect caused by exchange rate misalignment will significantly decrease than the real agricultural support level when transferred to the equilibrium agricultural support.
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 depreciation of RMB 'real effective exchange rate significantly promotes economic growth and...
人民币汇率收益率波动有集群性效应，不符合正态分布，有尖峰厚尾的特点。
The return of RMB exchange rate has a characteristic of fluctuation clustering, does not comply with the normal distribution and has an obvious peak and fat tails.
本国货币(naira)也跌出了央行所设定的汇率范围。而带来的效应是，利率缓慢上调到12%。
The currency, the naira, has fallen out of the exchange-rate bracket set by the central bank, which in turn has raised interest rates to a growth-slowing 12%.
来自山东省胶东地区企业层面的证据表明，人民币汇率变动对企业出口影响的直接效应和间接效应都比较显著。
The evidence from the Jiaodong Area of Shandong Province demonstrates both the direct and the indirect effects of RMB appreciation.
来自山东省胶东地区企业层面的证据表明，人民币汇率变动对企业出口影响的直接效应和间接效应都比较显著。
The evidence from the Jiaodong Area of Shandong Province demonstrates both the direct and the indirect effects of RMB appreciation.
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