... firm wealth effect厂商的财富效应 fiscal policies财政政策 fixed exchange rate system固定汇率体系 ...
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会议创建的一项固定汇率体系重新确立了经济秩序。
The conference rebuilt the economic order by creating a system of fixed exchange rates.
由固定汇率体系引起的扭曲本身可能就是中国金融稳定的最大的威胁。
The distortions caused by today's rigid exchange-rate regime may themselves be the biggest threat to Chinese financial stability.
这一进程有助于解释为何公司的普通股和房地产价格在近年来达到顶点,且这些现象在固定汇率体系下是未曾出现过的。
This process helps explain why equity and house prices reached peaks in recent years that were unknown under fixed exchange-rate systems.
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