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
43
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】______.
【C11】
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
very low rate of inflation
解析
转载请注明原文地址:https://kaotiyun.com/show/EJSO777K
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
Modernindustrialsocietygrantslittlestatustooldpeople.Infact,suchasocietyhasasystemofbuilt-inobsolescence.The
Theadvocates—mainlyfamilytherapydoctors—areapplyinganewapproachtoeverythingfrommarriageconflicttopsychosis.
Ifpeoplecannotaffordtobuytheirownhouse,theycanrentpropertyfromaprivatelandlord,as10%ofthepopulationdoes,o
Modernindustrialsocietygrantslittlestatustooldpeople.Infact,suchasocietyhasasystemofbuilt-inobsolescence.The
PhilanthropyIthasbecomeanAmericantraditionthatthosewhoattaingreatwealthreturnsomeofittothepublicthrough
Aleading________intelligenceandoperationscompanyhasreleaseditsanalysisofworldwidereportedincidentsofpiracyandcri
InDecember,WaymoLLC,theleadingdriverlesscarcompany,broughtouttheworld’sfirstcommercialrobo-taxiservice.Butfor
下面你将听到一段关于中国法制建设的讲话。当今是法行天下的时代。国运之兴盛,政治之昌明,社会之稳定,经济之发展,民族之团结,文化之繁荣,人民之安居乐业,都离不开法律之维系和法律之保障。中国也不例外。一个国家采取什么样的治国方略,关系着国家的前途和命
随机试题
下列为“前七子”中人物的是【】
患者,男,48岁。结肠癌术后要求镇痛,拟硬膜外给予吗啡。术后8小时,患者出现恶心、呕吐及全身瘙痒,最可能的原因是
甲公司2016年年初的负债总额为1500万元,股东权益总额是负债总额的2倍,年末所有者权益增加30%,2016年年末的资产负债率为40%,财务费用为200万元。2016年实现净利润900万元,所得税税率为25%。2016年年末的股份总数为600万股(普通
根据外商投资企业法律制度的规定,下列关于中外合资经营企业特征的表述中,正确的是()。
培训方式必须备有视听设备。
你认为生产劳动在改造罪犯中起到什么作用?
在单CPU计算机系统中,完成相同功能的递归程序比非递归程序_________。
ToreallyunderstandMylifeyouneedto
【B1】【B13】
Whereistheconversationtakingplace?
最新回复
(
0
)