To combat these structural imbalances it is important to have an exchange-rate regime in place.

为了应对这些结构性失衡，建立一个合适的汇率制度非常重要。

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"Marginal movements in interest rates aren't going to boost investments so much as addressing the broader structural regime, " said Mr. Richardson.

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"We have had a tough year, but through stringent fiscal policy, the new floating exchange rate regime, and extensive structural reforms, we have come out of intensive care unit, " Mr Dervis said.

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But reform of the tax regime is no easier than any other structural change.

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