The European Monetary System and the Exchange Rate Mechanism (ERM) are created.
1978年欧洲货币体系与汇率机制（ERM）创建。
In September 1992 the same country was booted out of the European Exchange Rate Mechanism.
1992年9月，同样是英国，爆发了欧洲汇率机制危机。
He described Britain's entry into the European Exchange Rate Mechanism as an historic move.
他将英国加入欧洲汇率机制描述为具有历史意义的一步。
The issue of Renminbi exchange rate mechanism has become the focus of the current public opinion.
人民币汇率机制问题已成为当前舆论关注的焦点。
RMB exchange rate mechanism is established in RMB convertibility used on the basis of the project.
人民币汇率形成机制是建立在人民币常用项目可兑换的基础上的。
Optimal currency area theory is a theory concerning exchange rate mechanism and currency integration.
最适货币区理论是关于汇率机制和货币一体化的理论。
The changes in exchange rate mechanism shows that the RMB internationalization process has made a solid progress.
此次汇率机制的变动，意味着人民币国际化进程又迈出了坚实的一步。
The RMB exchange rate no longer observes closely sole US dollar, forms the richer elastic RMB exchange rate mechanism.
人民币汇率不再盯住单一美元，形成更富弹性的人民币汇率机制。
In September 1992 Italy was forced out of the European Exchange Rate Mechanism, a pre-euro system of semi-pegged currencies.
1992年9月，意大利被迫脱离欧洲汇率的半挂钩机制。
In many ways, the crisis resembles the demise of the Exchange Rate Mechanism (ERM), a system of currency pegs, in the early 1990s.
从许多方面看，这次危机宣布了欧洲汇率机制(erm)的瓦解。欧洲汇率机制是20世纪90年代初形成的固定汇率制度。
He added that the mood in the City was reminiscent of Black Wednesday, in September 1992, when the UK crashed out of the European Exchange Rate Mechanism.
他还说，现在罗马的气氛让人想起1992年9月的黑色星期三，英国退出欧盟货币汇率机制。
When the Bank of England was trying to keep the pound in the Exchange Rate Mechanism in 1992, it had to use its limited foreign-exchange reserves to buy sterling.
1992年英国央行为了保住英镑在汇率机制中的地位就不得不利用它有限的外汇储备来购买白银。
Since 1994, the exchange rate mechanism in China has been "a floating exchange rate under supervision" in name but a fixed exchange rate connected with US dollar in practice.
我国1994年以后的汇率机制，在名义上是“有管理的浮动汇率制”，但实际上却是一种与美元挂钩的固定汇率制度。
Currency pegs are being tested to destruction on the fringes of Europe's monetary union in a traumatic upheaval that recalls the collapse of the Exchange Rate Mechanism in 1992.
限制流通使欧洲货币联盟在痛苦难忘的剧变中处于毁灭的边缘，正得到验证，令人想起1992年欧洲汇率机制的崩溃。
This mechanism is contrary to the applied economic condition according to the hypothesis of optimal monetary area. So, a new option has to be made for RMB exchange rate mechanism.
用最优货币区理论假说来衡量，这一制度与它所要求的经济条件之间存在很大反差，所以，人民币汇率制度存在重新选择的必然性。
Using the currency's 2007 peaks as a guide, the pound has fallen more sharply against the dollar and euro (around 25-30%) than it did after the exit from the Exchange Rate Mechanism in 1992.
以其07年的峰值为基准，如今英镑对美元和欧元汇率的下跌(25- 30%)远比1992年其退出汇率机制之后的那次来得剧烈。
After Italy left the European Exchange rate Mechanism (ERM) and devalued its currency in 1992, for example, it suffered from volatile swings in interest rates due to a lack of investor confidence.
自从1992年意大利退出欧洲汇率机制(ERM)并将自己的货币贬值后，由于投资者信心不足，利率上下波动。
Third, a country's exchange rate mechanism is determined by its economic conditions. And any change in the exchange rate policy is a response to the overall economic situation of the country.
第三，一国的汇率形成机制是由一国的经济决定的，汇率的变动也是由经济的综合情况决定的。
Europe started a long process towards monetary union, via an exchange-rate mechanism, which resulted in a single and free floating currency 30 years later.
欧洲开始了通过一项汇率机制迈向货币统一的漫长过程，30年后，它们拥有了一种自由浮动的单一货币。
'The exchange-rate mechanism and the price of the renminbi are in a dynamic process of continuous change,' he said. 'So they will differ in different periods.'
他说，汇率的形成机制、人民币的价格处于不断转变的动态过程，因此在不同的阶段会有所变化。
The recession in the early 1990s saw a near-continual series of currency crises within Europe's exchange-rate mechanism.
在20世纪90年代早期的经济衰退中，欧洲内部的汇率机制出现了近乎连续的一系列货币危机。
Britain has managed such a switch before, most recently in the mid-1990s, after the pound fell steeply on its expulsion from the European exchange-rate mechanism.
英国之前曾解决过这样的转变，最近的是在二十世纪九十年代中期，从欧盟汇率机制中排出之后，英镑大幅升值。
When the macro picture started to deteriorate there was a mechanism, a weak exchange rate.
当宏观环境开始恶化的时候，存在一种机制，即疲软的汇率。
Changes in the exchange rate are the "automatic" mechanism for adjusting to achieve external balance.
汇率的变化是“自动”调整，以实现外部平衡的机制。
RMB Internationalization is dependent on China's economic strength, the convertibility of RMB, and RMB exchange rate formation mechanism.
人民币国际化，取决于我国经济实力，取决于人民币可兑换，取决于人民币汇率形成机制。
Forward rate fixed price and risk management, in the new exchange rate forms under the mechanism to become day by day the important question.
远期汇率的定价和风险管理在新的汇率形成机制下成为日趋重要的问题。
Forward rate fixed price and risk management, in the new exchange rate forms under the mechanism to become day by day the important question.
远期汇率的定价和风险管理在新的汇率形成机制下成为日趋重要的问题。
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