【Abstract】 It will lead to economic efficiency decline and social welfare loss, no matter whether exchange rate of a country is overvalued or undervalued, then economic crisis can be triggered by careless abandon.
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The Big Mac index is the Economist's burger-based measure of whether currencies are over - or undervalued.
巨无霸指数是《经济学人》以汉堡价格为基础来衡量一国货币是否被高估或低估。
It can provide a common analysis of how far countries' currencies are over - or undervalued and where current-account balances ought to head.
在各国货币被低估或高估的程度以及活期账户余额走向方面,G20也能共同进行讨论分析。
And where they are traded, they are often undervalued because their worth or scarcity is not fully appreciated.
而且就算可以买卖,也因人们不能充分意识到它们的价值和稀缺性而被低估。
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