他们在经济上犯了一系列错误：混合汇率制，放任银行私有化，导致82 - 83年的市场委靡和经济崩溃，即便后来出现了更多务实的政策使经济有所恢复。

They made mistakes: a fixed exchange rate and unregulated bank privatisations triggered a massive recession and financial collapse in 1982-83. More pragmatic policies and a renewal of growth followed.

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假以时日，随着各国以钉住混合货币篮子取代钉住美元的汇率机制，它们也可能重新调整外汇储备的资产组合。

Over time, as countries replace a dollar peg with a mixed basket peg, they are likely to readjust reserve portfolios as well.

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Mr Spence想以一种“新混合体”替代通用的浮动汇率制和固定汇率制。

Mr Spence wants to replace the current hybrid of floating and fixed exchange rates-with "a new hybrid".

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