| 1. | High interest rates and protectionism in potential export markets worsened the current account balance .
高利率和潜在出口市场上的保护主义使经常帐户的情况更加恶化。 |
| 2. | The meaning of the current account balance can be seen by comparing what is above the line with what is below it .
经常项目差额的含意可以通过对比线之上和线之下的项目看出。 |
| 3. | The current account balance puts above the line all credits and debits representing flows of goods, services, and gifts .
经常项目差额把表示商品、劳务和赠与等流量的全部贷方和借方项目都放在线之上。 |
| 4. | The current account balance
经常项目差额 |
| 5. | An alternative way of interpreting the current account balance is that it equals the difference between domestic saving and investment
另一诠释经常帐平衡的方法，是将它当作本地储蓄与投资之间的差距。 |
| 6. | There is also the question of whether the relationship between the current account balance and the exchange rate is always the same across different economies so that exchange rate adjustments are a panacea for correcting external imbalances
此外，经常帐差额与汇率的关系是否总是每个经济体系都一样，以致汇率调整能成为纠正对外收支失衡的灵丹妙药？ |
| 7. | There is an implicit assumption that exchange rate adjustments will always produce an improvement in the current account balance of payments - in other words , an appreciation depreciation in the exchange rate will reduce increase the balance of payments surplus
大家似乎都假设调整汇率往往能令经常帐状况改善，亦即汇率上升下降，经常帐盈馀便会减少增加。 |
| 8. | But it is important to consider whether an exchange rate change will necessarily produce changes in the quantities of imports and exports to such an extent as to lead to the desired adjustment in the current account balance in money terms
的确，汇率上升会令出口价格提高，进口价格下跌。然而，我们必须考虑的是，汇率变动是否必然会令进出口量出现变动，而其变动的幅度是否足以令经常帐差额出现预期中的调整。 |
