But the theory cannot be applied to today's credit currency condition.

在信用货币条件下，其基本结论不能成立。

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In any products, including currency, free trading is ideal, but with one condition: that no egoistic people manipulate it against the true and fair market mechanism.

任何商品，包括通货，自由贸易是一种理想状态，但有一个前提，即没有自私的人操纵它，打击真正公平的市场机制。

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The paper presents a chronology of the Argentine Currency Crises since 1970 and analyzes the present economic condition of Argentina.

本文介绍了70年代以来阿根廷历史上的货币危机并分析了阿根廷目前的经济状况。

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This was a pre-condition for German support for the entire single currency project: there could be no question of the ECB bowing to the whims of the French - or for that matter, the Italians.

BBC: Euro crisis: What on earth does ECB do now?

Indeed Poland was supposed to peg its currency to the Euro as a pre-condition for joining something that it (very wisely) has refrained from actually doing.

FORBES: How Austerity Is Failing in Eastern Europe In One Chart