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
60
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】______.
【C20】
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
not commensurate with the size
解析
转载请注明原文地址:https://kaotiyun.com/show/ZPSO777K
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
OurGlobalVillageScienceandtechnologyhasturnedourworldintoaglobalvillage.Theterm—globalvillage—wascoinedby
HolidayBluesFormostofus,thepurposeoftheholidaysistobringpeace,loveandgoodwilltowardsall.Yet,formany,t
AnotherAmericanhadbeenkidnappedintheWestBeirut.Fifty-year-oldReedwas________byfourgunmenonChristmasmorning.
Modernindustrialsocietygrantslittlestatustooldpeople.Infact,suchasocietyhasasystemofbuilt-inobsolescence.The
PhilanthropyIthasbecomeanAmericantraditionthatthosewhoattaingreatwealthreturnsomeofittothepublicthrough
PhilanthropyIthasbecomeanAmericantraditionthatthosewhoattaingreatwealthreturnsomeofittothepublicthrough
随机试题
背景:北方某房屋建筑工程,地上20层,地下2层,建筑面积22000m2。桩基础,冻土层厚800mm,地上剪力墙结构。质量目标:合格。工期450日历天。施工单位中标后成立了项目部,并于2009年11月15日进场。施工过程中发生了如下事件:事件一:项目部编
无论是西文字符还是中文字符,在计算机一律用()编码来表示。
最易发生肋骨骨折的是
积液一级检查内容包括()
车间管理人员的工资不属于直接工资,因而不能计入产品成本,而应计入期间费用。()
从纵向看,我国教育制度结构包括()。(2016.广西)
一件产品要经过三道工序,每道工序的合格率分别为99.98%,99.95%,99.93%。该产品的合格率是多少?()
某单位有甲、乙两个部门,若从甲部门调动7个人到乙部门,则乙部门的人数比甲部门的人数多2倍,若从乙部门调动5个人到甲部门,则甲、乙两部门人数相等,问甲部门有多少人?()
设若Ax=0的基础解系由2个线性无关的解向量构成,
某计算机系统输入/输出采用双缓冲工作方式,其工作过程如下图所示,假设磁盘块与缓冲区大小相同,每个盘块读入缓冲区的时间T为10μs,缓冲区送用户区的时间M为6μs,系统对每个磁盘块数据的处理时间C为2μs。若用户需要将大小为10个磁盘块的:Doc1文件逐块从
最新回复
(
0
)