International tensions over exchange rates have escalated ahead of the summit as some countries have engineered the depreciation of their currencies to sharpen their economic competitiveness. 峰会召开前,随着部分国家操纵本币贬值,以增强本国经济的竞争力,汇率问题引发的国际紧张局势已经升级。
It is ironic that the euro, forged to eliminate speculative exchange rate movements within Europe, is suffering from having an overly strong exchange rate, particularly against the dollar, and at precisely the moment when a huge depreciation would be most helpful. 具有讽刺意味的是,旨在消除欧洲地区内部投机性汇率波动的欧元,正承受着汇率过强(尤其是兑美元)的痛苦,而在此之际,欧元大幅贬值恰恰对欧洲最有帮助。
If told that business investment looks weak and will not be getting the help of another housing boom, they say that a real exchange rate depreciation will fill the gap with an increase of net exports. 如果听到企业投资显得疲软、而且无法从新一轮房地产热潮中得到支撑,他们会说,实际汇率的下跌将会带动净出口增加,从而填补缺口。
In the absence of exchange rate depreciation, the adjustment process will depress wages and prices, raising the spectre of deflation. 在欧元不贬值的情况下,调整过程将压低工资与价格,从而引发通缩危险。
Dollar Invoicing, Exchange Rate Pass-through and Dollar Depreciation's Impact on East Asia 美元定价、汇率传递与美元贬值对东亚经济的冲击
This time, ample foreign exchange reserves offset capital flight and the shift away from dollar borrowing insured companies against depreciation. 这一次,充足的外汇储备抵消了资本外逃,减少借入美元债务的行为保障了企业不会受到贬值影响。
To promote exchange stability, to maintain orderly exchange arrangements among members, and to avoid competitive exchange depreciation. 促进汇率的稳定,保持成员国之间有秩序的汇兑安排,避免竞争性通货贬值。
After 2003, because the real effective equilibrium exchange rate was affected by the depreciation of US dollars, RMB was underestimated. 进入2003年以后,由于实际有效汇率指数受美元贬值的影响急剧下降,人民币处于相对低估状态。
Adapting the needs of balance both in trade and international income and expenses, by means of stable exchange rate depreciation of RMB, promoting the increase of export trade. 适应贸易收支平衡以及国际收支平衡的需要,通过稳步的人民币汇率贬值,推动出口贸易增长。
The result shows: ( 1) The increase of the term of trade, the productivity and net foreign asset can make the equilibrium exchange rate appreciation, but the increase of money ( M_2) can make the equilibrium exchange rate depreciation. 研究结果显示:(1)贸易条件、劳动生率和净对外资产对均衡汇率具有正向作用,而广义货币供应量M2对均衡汇率具有负向作用;
In economic theory it shows that real exchange rate and economic growth have a consanguineous relationship: the depreciation of real exchange rate promotes economic growth and economic growth brings about the appreciation of real exchange rate. 经济理论表明,汇率与经济增长关系密切,实际汇率贬值促进经济增长,经济增长引起实际汇率升值。
Totally, renminbi nominal exchange and real rate of exchange since 1980 has been on the trend of depreciation. 总体上看,人民币名义汇率和实际汇率自1980年以来基本呈持续贬值。
Because America internal real exchange rate appreciate higher than China in the past twenty years, the depreciation trend of China real exchange rate can be explained based on the Balassa-Samuelson theorem. 由于美国的内部实际汇率升值幅度一直高于中国,人民币实际汇率的贬值趋势在巴拉萨和萨缪尔森的分析框架下也是可以解释的。
Renminbi Exchange Rate: Causes of Depreciation and Analyses of Trends 人民币汇率贬值原因及走势分析
The exchange rate depreciation will contribute to the increase of FDI, and an increase in the exchange rate will reduce the inflow of FDI. 汇率贬值有助于外商直接投资的增加,汇率升值会减少外商直接投资的流入;
The dynamic convergence rate of current account deficits determined by the gross rate of return on US assets, trade elasticity value for exchange rate depreciation, the US dollar exchange rate. 而经常项目赤字动态收敛的速度取决于资产收益率、汇率贬值的弹性值和汇率。
The Influences on the Firm Decision with Its cost Dependent on Exchange Rate Under the Condition of Currency Depreciation 货币贬值对成本依赖汇率企业决策的影响
With economic opening, exchange rate fluctuation greater influence bank operation steadily, domestic currency depreciation will change the asset-liabilities states of the enterprise and bank while aggravating the bank crisis. 伴随着经济的开放,汇率波动对银行经营的影响亦越来越大。本币贬值会改变企业和银行的资产负债状况,加剧银行危机。
Particularly for China as our economy develops more and more sophisticated in recent years, people often pay attention and speak of the exchange rate, RMB appreciation depreciation labor force financial supervision and so on. 具体到我国尤其是最近几年来随着经济形式的日益复杂化,人民币汇率升值通货膨胀劳动力金融监管等越来越被人们频繁的提及与关注。
The change of RMB exchange ra changes te on Qingdao foreign investment has significant influence, at the same time, the rate of depreciation can make Qingdao trade balance improved, on the contrary, exchange rate appreciation will worsen Qingdao trade balance. 人民币汇率变动对青岛市外商投资具有显著的影响,同时,汇率的贬值可以使得青岛市的贸易收支得到改善,相反的,汇率升位会恶化青岛市贸易收支情况。
The exchange volatility has a significant positive coefficient, indicating that depreciation in Egyptian Pound against the currencies of its partners stimulates agricultural exports. 交易波动率的系数为正且影响显著,说明埃及镑贬值不利于通过其合作国的货币流通及利率传递来激励农业出口。
This paper argued that, just considering with the export of horticultural products, the continuously appreciation of RMB exchange rate had a disadvantageous effect on the increase of export, the policy of exchange rate should consider the appropriate depreciation of RMB. 本文认为,仅仅从园艺产品出口的角度来看,人民币汇率持续升值不利于园艺产品出口的增加,政府的汇率政策应考虑人民币适当贬值。
With findings drawn from the model, there are several factors that possibly influence the results: interest rates, exchange rates, depreciation, and residual value. We further optimize and make supplement for the model in this part. 在基础模型的基础上,对于可能的影响因素:利率、汇率、折旧、风险、残值等做了补充说明,进一步优化模型。
Their agenda are mostly the same: contracting monetary and budgetary policy, exchange rate depreciation and trade policies. 他们提出的调整方案也大致相同,不外乎紧缩的财政和扩张的货币政策,汇率贬值以及通过贸易政策促使其他国家进行调整。
Second, the author suggests that the rate of exchange rate depreciation equal targeted domestic inflation rate subtracts foreign expected inflation rate and production rate. In accord with this, the rule of central exchange rate can be timely adjusted. 其次,提出按照汇率贬值率等于本国目标通货膨胀率减去国外预期通货膨胀率,并扣除估计的生产率偏差为依据,来适时调整中心汇率的规则。