Therefore to achieve a sound balance of payment is to seekequilibrium exchange rate of a currency and then to adjust nominal exchange rateto a stable equilibrium level by all means.
所以，要实现国际收支均衡的核心就是寻找货币的均衡汇率，再通过各种手段调节、干预名义汇率稳定在均衡汇率的水平上。
In researching RMB equilibrium exchange rate, we proposed the conception of RMB nominal exchange rate stickiness and carried on an empirical research to it with the data.
在研究人民币汇率均衡时，我们提出了人民币名义汇率粘性这一概念，并利用数据对其进行了实证检验。
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