In many cases of past rebalancing, an undervalued exchange rate also led to excessive growth in money supply, making it harder to tame inflation.
在很多调整平衡的情况下,低估的汇率还会导致货币供应过度增长,增加平抑通货膨胀的难度。
The irony is that export subsidies and import tariffs are individually disciplined in the WTO but their lethal combination in "an undervalued exchange rate" is not.
具有讽刺意味的是,WTO是分别对出口补贴和进口关税制定规则的,但“低估汇率”中两者的致命结合却未做出规范。
The irony is that export subsidies and import tariffs are individually disciplined in the WTO but their lethal combination in "an undervalued exchange rate" is not.
具有讽刺意味的是,WTO是分别对出口补贴和进口关税制定规则的,但“低估汇率”中两者的致命结合却未做出规范。
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