Because the single currency deprived members of monetary and exchange-rate flexibility, they were likely to need more, not less, fiscal flexibility.
因为单一货币夺走了成员国的本国货币和汇率弹性空间。而他们需要的是提高弹性空间，而不是减少。
The merits of monetary flexibility versus exchange-rate stability have to be weighed up by the 11 eu countries that are not (yet) in the euro.
还未在欧元区的11个欧盟国家需要再三权衡货币弹性相较汇率稳定具有的优势。
The Europeans did not like leaving their currencies to the whims of the markets and made several efforts to limit exchange-rate flexibility within the eu, culminating in the adoption of the euro.
欧洲人不喜欢让货币任由市场支配，努力在欧盟内部限制汇率的弹性，最终采用了欧元。
Since the People’s Bank of China pledged to allow greater exchange-rate “flexibility” in June, the yuan has risen 2.5 percent against the dollar.
自从6月央行同意更大的汇率“弹性”，人民币兑美元汇率已上升2.6%。
As a fast-changing economy Poland might need the flexibility of a floating exchange rate for a little longer to keep it competitive and to smooth adjustments.
波兰的经济风云变幻，在稍长的一段时间内需要浮动汇率具有的弹性来保持竞争力，同时保持平滑调整。
Overseas financial institutions such as HSBC and Goldman Sachs expect the central bank to take further steps for greater flexibility of the exchange rate during the rest of the year.
汇丰银行、高盛投资银行等境外金融机构希望央行年内能进一步采取措施增加汇率的弹性。
China seems in no hurry to move towards full convertibility of the yuan and greater exchange-rate flexibility.
中国似乎并不急于朝全面的人民币可兑换和更灵活的汇率机制靠拢。
But in such an open economy, exchange-rate flexibility is no guarantee of economic stability.
但是在这样的开放式经济体系中，汇率的灵活性无法保障经济稳定。
In the absence of such a central bank, the right alternative has to be greater exchange rate flexibility and targeting of domestic inflation.
如果没有这样一家央行，正确的做法必须是提高汇率灵活性和控制国内通胀。
Second is the possibility that, having seen little impact from the previous exchange rate flexibility, some in the us Congress may be in less of a mood to accept anything but a dramatic change.
第二点是，美国国会已经看到上次中国调整汇率并没有带来多大影响。因此，除非这次人民币大幅调整，否则他们中的一些人可能不会满意。
Exchange Rate System of RMB:Can the Stability and Flexibility be Both Achieved?
人民币汇率制度：稳定性与灵活性可否兼顾?。
Exchange Rate System of RMB:Can the Stability and Flexibility be Both Achieved?
人民币汇率制度：稳定性与灵活性可否兼顾?。
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