... 贬值钞票 devalued currency 变动汇率 fluctuation in exchange rate 不承兑 non-acceptance ...
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在变动汇率下，财政政策如何发挥作用是比较复杂的。
How fiscal policy works with flexible exchange rates is a little more complicated.
看来变动汇率在面临出口需求变动时能发挥较好的作用。
Flexible exchange rates seem to perform better in the face of shifts in export demand.
变动汇率对国外的变动提供某种缓冲作用，但往往会加重国内变动所造成的破坏。
Flexible exchange rates offer some cushioning against foreign shifts but tend to magnify the disruption from shifts of domestic origin.
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