| 1. | What ' s the relationship between yen ' s overvaluation and currency crisis
日元高估与货币危机的关系如何 |
| 2. | Our research department ' s analysis points to a persistent overvaluation of the us dollar and the undervaluation of the euro
我们研究部的分析指出，美元存在持续的汇率高估而欧元则被持续低估。 |
| 3. | M ost notably dornbush , goldfajn and valdes have argued that overvaluation according to some price measure is the key determinant of a subsequent currency crash
Dornbush ， goldfajnandvaldes指出，实际汇率的高估是之后货币危机的关键决定因素。 |
| 4. | As barclays capital , a british investment bank , neatly puts it : “ the entire asset class of bonds is characterised by symptoms of overvaluation and complacency
一家英国投资银行，巴克莱资本公司巧妙地说： “债券这整个的资产种类都表现为价值高估和没有意识到风险的自满状态。 ” |
| 5. | This crisis began with currency crisis , that is , continuous overvaluation of the currencies in this area gave hedging funds great opportunities to crash the weak currencies , which led to the crisis
此次危机的爆发点是货币危机：该地区货币多年始终存在的汇率高估给四处寻找获利机会的对冲基金制造前所未有的机会，从而导致了危机的发生。 |
| 6. | It would not be appropriate to extrapolate these results to try to estimate how much tightening would be needed to correct a substantial putative overvaluation in stock prices , but it seems clear that a light tapping of the brakes will not be sufficient
拟译：尝试由这些结果去推测纠正显著的股价高估所需要的货币政策紧缩程度，这种方法是不恰当的，但“轻踩刹车”明显不足以解决问题。 |
| 7. | Chinese stocks suffered some sharp concentrated declines in may due to concerns about overvaluation and also following fresh government measures to slow the pace of economic and equity market growth , including the rate of stamp duty on share prices rising threefold
中国股市也经历了几次集中的下跌，主要是因为市场担心估过高并且政府采取了放缓经济和股市增长的措施，包括股票交易印花税提高到原来的三倍。 |
| 8. | The anticipation that a devaluation might occur may lead financial markets to require higher interest rates , compounding the effects of an overvaluation with high interest rates and possibly forcing a devaluation , even if the government initially had no intention of devaluating
对贬值可能发生的预期会导致金融市场需要更高的利率，再混合过高估价和高利率的影响，很有可能引发货币贬值，即使政府最初并没有贬值的意思。 |
| 9. | As continuous overvaluation will lead to currency crisis , if misalignment lasts too long time or the frequency is too high , it ' ll impact the economic growth of a country . equilibrium exchange rate now gets much more important in economics and economic policies
鉴于汇率的持续高估会导致货币危机，而且汇率失调的时间过长或汇率失调频繁出现也会在中长期影响一国的经济增长，均衡汇率在当今的经济学和经济政策中的影响越来越大。 |
