首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Was it envisioned for the euro to eventually become such a strong currency that it could compete with the dollar on a global lev
Was it envisioned for the euro to eventually become such a strong currency that it could compete with the dollar on a global lev
admin
2014-09-09
20
问题
Was it envisioned for the euro to eventually become such a strong currency that it could compete with the dollar on a global level? Or was that a dream then and【C1】______now? I think it was an attainable dream, and it is becoming actually, in some ways, 【C2】______. You may ask, Why?
Well, the dream to give credit【C3】______was not only advocated by some European officials but by【C4】______, including our Institute’s director, Fred Bergsten, who was【C5】______with that. Richard Portes, who teaches at London Business School, also was way out in front with that. And they were very much【C6】______of people like Martin Feldstein and others in London and the United States who were【C7】______. At face value, the euro area 【C8】______as the United States, roughly speaking. The euro area does have very【C9】______, although the more you look in detail, there are still some things there that【C10】______. And the euro area has delivered price stability. They have a 【C11】______pretty consistently. So you put those three things together,【C12】______it looks like the euro should be at least【C13】______to the dollar in investors’ portfolios, in【C14】______, in how much you invoice trade like oil or planes or things like that.
But【C15】______in this book—in particular in good chapters by Kristin Forbes and Linda Goldberg—is the fact that if you 【C16】______a bit, there is a huge shortfall between what you would expect just based on size and how much【C17】______. So there’ s an awful lot of trade that’s【C18】______, not in euros, even between countries that are not dollar countries. There are【C19】______that come to the United States, and the depth of European assets and financial flows is【C20】______.
【C3】
Was it envisioned for the euro to eventually become such a strong currency that it could compete with the dollar on a global level? Or was that a dream then and is it still a dream now? I think it was an attainable dream, and it is becoming actually, in some ways, less attainable right now. You may ask, Why?
Well, the dream to give credit where credit is due was not only advocated by some European officials but by some American economists, including our Institute’s director, Fred Bergsten, who was way out in the front with that. Richard Portes, who teaches at London Business School, also was way out in front with that. And they were very much against the tide of people like Martin Feldstein and others in London and the United States who were very skeptical toward the euro.
At face value, the euro area is the same size in GDP as the United States, roughly speaking. The euro area does have very large and deep financial markets, although the more you look in detail, there are still some things there that differentiate it from the United States. And the euro area has delivered price stability. They have a very low rate of inflation pretty consistently. So you put those three things together, on paper it looks like the euro should be at least a very clear second to the dollar in investors’ portfolios, in government reserve holdings, in how much you invoice trade like oil or planes or things like that.
But what our research finds in this book—in particular in good chapters by Kristin Forbes and Linda Goldberg—is the fact that if you look under the hood a bit, there is a huge shortfall between what you would expect just based on size and how much the euro is used. So there’s an awful lot of trade that’s still invoiced in dollars, not in euros, even between countries that are not dollar countries. There are huge amounts of financial flows that come to the United States, and the depth of European assets and financial flows is not commensurate with the size.
选项
答案
where credit is due
解析
转载请注明原文地址:https://kaotiyun.com/show/1JSO777K
本试题收录于:
NAETI高级口译笔试题库外语翻译证书(NAETI)分类
0
NAETI高级口译笔试
外语翻译证书(NAETI)
相关试题推荐
OurGlobalVillageScienceandtechnologyhasturnedourworldintoaglobalvillage.Theterm—globalvillage—wascoinedby
HolidayBluesFormostofus,thepurposeoftheholidaysistobringpeace,loveandgoodwilltowardsall.Yet,formany,t
WorldWaterShortageAnewstudywarnsthataboutthirtypercentoftheworld’speoplemaynothaveenoughwaterbytheyear
PhilanthropyIthasbecomeanAmericantraditionthatthosewhoattaingreatwealthreturnsomeofittothepublicthrough
PhilanthropyIthasbecomeanAmericantraditionthatthosewhoattaingreatwealthreturnsomeofittothepublicthrough
PhilanthropyIthasbecomeanAmericantraditionthatthosewhoattaingreatwealthreturnsomeofittothepublicthrough
Ifyouintendtomeltthesnowfordrinkingwater,youcan________extrapuritybyrunningitthroughacoffeefilter.
Aleading________intelligenceandoperationscompanyhasreleaseditsanalysisofworldwidereportedincidentsofpiracyandcri
1986年全国人大常委会副委员长班禅喇嘛在西康地区大法会上教诲信徒们,要爱惜民族团结,维护祖国统一。在中国,公民的信仰自由受到法律保护。目前全西藏在寺僧尼约有14,000多人,另有800位宗教界人士在各级人大、政协、佛教协会和政府部门中工作。
女士们,先生们:金秋十月,北京气候宜人,中国国际投资贸易论坛今天在这里隆重召开了。我很高兴能够应邀出席本次论坛,首先我谨代表中华人民共和国商务部向远道而来的国内外朋友表示热烈的欢迎和衷心的感谢。[TONE]∥[TONE]众所周知,通
随机试题
超声采用的人体软组织声速是
A.可复性疝B.Littre疝C.Richter疝D.绞窄性疝E.滑疝右腹股沟疝数年,近几月不能还纳,行手术治疗时发现膀胱随疝囊脱出,诊断为
以下哪项不属于血液的功能
应减少摄影管电压值的病理因素有
文化因素对人类健康的作用十分明显,广义的文化是指
成型钢筋进场时,应抽取试件作()检验。Ⅰ.屈服强度;Ⅱ.抗拉强度;Ⅲ.伸长率;Ⅳ.重量偏差
等离子弧焊属于()。
下列选项是商业银行单一法人客户的非财务因素分析管理层风险重点考察企业管理者的内容是()。
2011年4月,某市税务机关在对甲公司2010年度的纳税情况依法进行税务检查时,发现甲公司有逃避纳税义务的行为,并有明显的转移、隐匿应纳税收入的迹象。税务机关责令甲公司于2011年4月16日~4月26日限期补税,但甲公司在4月26日期限届满后,仍拒绝补税。
当下“文化”成为最热的词之一。如何继承发扬传统文化、形成中国人自己的文化,增强我们的文化软实力,已成热门话题。但这种共识其实是相当模糊的,很多争议因此而生。学繁体字、穿唐装、开国学班……围绕“传统文化”生出的热闹一场接一场,但讨论的背后都离不开对“文化”概
最新回复
(
0
)