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及實質(zhì)匯率相關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)定的資金流向不時對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 事實上,這些變幻無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)今金融市場邁向全球化的時代,國際資金流向極之不穩(wěn)定,亞洲的復蘇相當脆弱。
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 我認為第二項挑戰(zhàn)是要更深入了解流竄不定的資金流向所造成的風險,以及如何能掌握有關數(shù)據(jù),來加深我們對這些資金流向的了解。
And we do not have any framework to deal with disruption caused by volatile capital flows comparable to the world trade organisation s mechanisms for handling disruption from trade in goods and services 同時,我們也沒有任何類似世界貿(mào)易組織處理商品和服務貿(mào)易所引起的問題的機制,以處理流竄不定的資金流向所引起的糾紛。
16 . looking ahead , to minimise the need for government intervention aimed at heading off market failures induced by large and volatile capital flows , we need to build bigger markets and to strengthen the markets we already have 16 .展望未來,為了減少政府作出干預,以防止流竄不定的巨額資金引致市場崩潰,我們需要建設更大規(guī)模的市場,并鞏固我們現(xiàn)有的市場。
" looking ahead , to minimise the need for government intervention aimed at heading off market failures induced by large and volatile capital flows , we need to build bigger markets and to strengthen the markets we already have . 月在股票市場進行干預為例子。他又說:展望未來,為了減少政府作出干預,以防止流竄不定的巨額資金引致市場崩潰,我們需要建設更大規(guī)模的市場,并鞏固我們現(xiàn)有的市場。