第三，一旦实际汇率与实际均衡汇率错配，将如何进行制度重构与政策修正。
The third is how to reconstruct the exchange rate system if it exists the misalignment of real exchange rate and real equilibrium exchange rate.
最近一份数据显示，8月份时BIS的美元实际有效汇率指数不足92，较指数均衡价值低了8%左右。
As of August, the latest data available, the BIS index of the dollar's effective exchange rate was less than 92, or roughly 8% below what some might consider fair, or equilibrium, value.
在过去的几年里，中国货币的实际汇率和它的长期平衡水平（与保持外界均衡一致）之间的差距巳经加大了，很少有人会否认这一点。
There is little doubt that during the past few years the gap between China's real exchange rate and its long-run equilibrium level (consistent with maintaining external balance) has increased.
应用推荐