|
|
| 1. | autonomy is of the most importance and China should stick to it, otherwise China will have to adopt a more flexible |
| 对于中国，货币政策的自主权至关重要，除非有能力继续维持更严格的资本管制，否则我国必须逐步扩大汇率的浮动区间。 |
|
|
| | |
| 2. | Without a more flexible exchange rate, there is a growing risk that China's sizzling economy will boil |
| 没有一个更灵活的汇率机制，中国已经烧开的经济溢出的危险将会增大。 |
|
|
| | |
| 3. | modified system of flexible exchange rate |
| 修正浮动汇率制 |
|
|
| | |
| 4. | inflation targeting with flexible exchange rate |
| 汇率灵活的通胀目标 |
|
|
| | |
| 5. | Some steps can prepare the way for China's transition to a flexible exchange rate. |
| 一些举措可以为中国向灵活汇率机制过渡做准备。 |
|
|
| | |
| 6. | In the long-term,China should adopt a flexible exchange-rate policy that varies according to the supply |
| 长期看来,中国应该实施由市场供求决定的灵活汇率制度. |
|
|
| | |
| 7. | However, the goal of the reform is to establish a flexible exchange-rate system. |
| 但是,建立灵活的汇率机制才是人民币汇率改革的最终目标。 |
|
|
| | |
| 8. | China implements the flexible exchange rate system under management, actually a fixed exchange rate system |
| 然而中国当前采取的这种有管理的浮动汇率制度，实际上是一种固定汇率制度，资本市场基本实行管制，外汇储备逐年增加，同时中国至今从未爆发过危机，因此无法对危机进行定义，也缺乏危机预测所必须的历史数据。 |
|
|
| | |