Prices on the mainland may go up faster than those in the rest of the world or the nominal exchange rate of the renminbi may appreciate . these two processes may also happen in combination 这个过程可以透过两个方式出现:内地物价上升速度较全球其他地方快,或人民币名义汇率上升两者亦可同时出现。
But it is to be hoped that , with a weaker us dollar , and so a weaker nominal exchange rate for the hong kong dollar against foreign currencies other than the us dollar , we might be affected less than our competitors 不过,我们期望随美元转弱,港元兑其他外币的名义汇率亦会转弱,因此本港所受的影响会比其竞争对手轻微。
Given that inflation can be quite destabilising , appreciation of the exchange rate , if managed smoothly , can be a less risky adjustment vehicle - hence the need for flexibility in the nominal exchange rate 由于通胀可造成颇大的不稳定影响,汇率上升如管理得宜将可成为风险较小的调节手段,因此有需要保持名义汇率较大的弹性。
This causes excess monetary growth , domestic asset price bubbles , overheating , inflation and the loss in competitiveness that governments had tried to prevent by suppressing the rises in nominal exchange rates 这将导致货币供应增长过快、国内资产价格泡沫、经济过热、通胀和竞争力丧失? ?而这些国家的政府本来压制名义汇率的上升,就是为了防范这些问题。
All outcomes imply that different - size and different - sign shocks have different influences on the dynamic behavior of rmb ' s real exchange rate due to the authorities ' s strict control over rmb ' s nominal exchange rate 研究的结果表明,人民币实际汇率具有非线性的动态行为特征,且具有不对称性,即不同大小和不同方向的冲击人民币实际汇率的影响是不同的。