With flexible exchange rates, markets force countries to devalue, which reduces their current account deficits.
灵活汇率情况下，市场促使国家减值-减少经常账赤字。
A correction in the region's imbalances is already underway via currency depreciation (in countries with flexible exchange rates) and via a sharp drop in domestic demand.
通过货币贬值(在那些实行弹性汇率的国家)和国内需求的剧烈下滑，该地区修正失衡的过程已经开始。
As exchange risks rise, the adjusting economies in Asia with flexible exchange rates are experiencing higher inflation, higher interest rates and severe stresses on their banking systems.
随着外汇风险增加，亚洲区处于调整期而又有灵活汇率的经济体系，都要面对通胀和利率上升，而他们的银行系统亦须承受极大压力。
And even those with more flexible exchange rates worry that higher interest rates will send their currencies soaring.
甚至那些有着灵活的汇率制度的国家也担心，更高的利率会让他们的货币飙升。
And even those with more flexible exchange rates worry that higher interest rates will send their currencies soaring.
甚至那些有着灵活的汇率制度的国家也担心，更高的利率会让他们的货币飙升。
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