Though the theory of Policy Coordination may be the most persuasive one among the theories of Balance of payments and Macroeconomic Adjustment, it is not perfect.

政策配合理论可以说是目前最有说服力的国际收支理论及宏观经济调节理论，但和其他任何理论一样，该理论也不可能是完美无缺的。

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To release exchange control by a big margin or to adjust monetary and financial policy for balance of payments equilibrium m…

如果为平衡国际收支而大幅放松外汇管理或调整货币金融和财政政策，其对经济的负面影响可能比调整人民币汇率更大。

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"Food inflation hurts consumption, government finances, the balance of payments and monetary policy flexibility, " Atsi Sheth, a senior analyst at Moody's, wrote in a note.

WSJ: Moody's Says India's Food Inflation Credit Negative