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
58
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】______.
【C16】
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
look under the hood
解析
转载请注明原文地址:https://kaotiyun.com/show/KPSO777K
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
OurGlobalVillageScienceandtechnologyhasturnedourworldintoaglobalvillage.Theterm—globalvillage—wascoinedby
OurGlobalVillageScienceandtechnologyhasturnedourworldintoaglobalvillage.Theterm—globalvillage—wascoinedby
AccordingtotherecentresearchofNortheasternUniversity,our________sensitivitydecreaseswithage.Byage60,mostpeopleh
WorldWaterShortageAnewstudywarnsthataboutthirtypercentoftheworld’speoplemaynothaveenoughwaterbytheyear
PhilanthropyIthasbecomeanAmericantraditionthatthosewhoattaingreatwealthreturnsomeofittothepublicthrough
PhilanthropyIthasbecomeanAmericantraditionthatthosewhoattaingreatwealthreturnsomeofittothepublicthrough
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。
随机试题
下列药物中,含有三氮唑环的是
某省政府批准一大型基础建设项目,须占用耕地外的农田30公顷,关于审批手续,下列说法正确的是:()
代表国家意志行使司法审判权的是()。
2009年太极国有热水器厂的财会机构负责人钱力由于工作调动,该厂厂长金剑任命他的好友刚刚取得会计从业资格证书的保卫科王翔为新的财会机构负责人,按照规定办理交接后钱力调离该厂。王翔为报答厂长金剑的提拔,将金剑刚刚从财会中专毕业没有会计从业资格证书的女儿招聘到
在赠与合同中,赠与人撤销权的行使期限是()。
外勤警察是一个单独的警种。()
在商品经济发展过程中,商品内在的使用价值和价值的矛盾,其外在表现有
Thehorseandcarriageisthingofthepast.Butloveandmarriagearestillwithusandstillcloselyinterrelated.MostAmeric
键盘按照按键代码生成原理可分为( )
Didyouknowthatforevery20,000novelswritten,onlyonegetspublished?Sothe【C1】_____(likely)thatI’lleverfulfillmyamb
最新回复
(
0
)