But it does take care of financial instability associated with volatile capital flows and the associated large swings in real exchange rates ,但貨幣聯(lián)盟仍能處理資金流向波動(dòng)及實(shí)質(zhì)匯率相關(guān)的大起大落所引起的金融不穩(wěn)定。
The paper provides the important cushion to absorb the pressure of volatile capital flows exerted from time to time on our domestic interest rates 外匯基金票據(jù)及債券能提供重要的緩沖,吸納不穩(wěn)定的資金流向不時(shí)對(duì)本港利率造成的壓力。
Indeed , the instabilities produced by volatile capital flows have been the main cause of the financial turmoil in our region during the past two years 事實(shí)上,這些變幻無(wú)常的資金流向所引起的不穩(wěn)定情況,正是過去兩年亞洲發(fā)生金融風(fēng)暴的主要原因。
This is a timely reminder to all of us of the fragility of the asian recovery in an era of globalisation of markets with highly volatile capital flows 這種情況正好提醒我們,在現(xiàn)今金融市場(chǎng)邁向全球化的時(shí)代,國(guó)際資金流向極之不穩(wěn)定,亞洲的復(fù)蘇相當(dāng)脆弱。
The second challenge i see is to understand better the risks posed by volatile capital flows and how to capture data to facilitate our understanding of such flows 我認(rèn)為第二項(xiàng)挑戰(zhàn)是要更深入了解流竄不定的資金流向所造成的風(fēng)險(xiǎn),以及如何能掌握有關(guān)數(shù)據(jù),來(lái)加深我們對(duì)這些資金流向的了解。