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
101
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】______.
【C10】
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
differentiate it from the United States
解析
转载请注明原文地址:https://kaotiyun.com/show/bJSO777K
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
HolidayBluesFormostofus,thepurposeoftheholidaysistobringpeace,loveandgoodwilltowardsall.Yet,formany,t
SomeAmericansarenotsureifObamaisapresidentwithgreat________andthereforedeservestheirpoliticalsupport.
Modernindustrialsocietygrantslittlestatustooldpeople.Infact,suchasocietyhasasystemofbuilt-inobsolescence.The
PhilanthropyIthasbecomeanAmericantraditionthatthosewhoattaingreatwealthreturnsomeofittothepublicthrough
PhilanthropyIthasbecomeanAmericantraditionthatthosewhoattaingreatwealthreturnsomeofittothepublicthrough
Ifyouintendtomeltthesnowfordrinkingwater,youcan________extrapuritybyrunningitthroughacoffeefilter.
下面你将听到外国媒体就中国艾滋病问题的一段评论。HIV/AIDSisnowrecognizedclearlyasagrowingthreattoChina.AccordingtoofficialChineseesti
中美两国建交以来,人民之间的交往不断扩大。两国已缔结了33对友好省州和123对姊妹城市。去年,到中国旅游的美国人多达131万人次。中国赴美探亲、求学、经商的有44万人次。中国有超过18万人曾在美国留学,目前在读的留学生有六万余人。而在中国学习的美国留学生
随机试题
政治制度的特征:阶级性、__________、强制性、历史性和多样性。
若f(x)=在x=0处连续,则a=________.
NosoonerhadIclosedthedoorthansomebodystartedknocking______it.
常用于心绞痛急性发作的药物是
CSF采集的第一管用于
进行重金属检查的中药有
根据以下资料,回答问题。2011年南京市进出口贸易实现:
如果时间序列的环比增长量大致相等,则应采用的趋势模型为()。[中央财经大学2012研]
Itwasobviousthatshewasnotgoinghome.
Thefarmerwasgettingbetterandbetteraftertakingthemedicinethatthedoctorgavehim.Thefarmerwasverymean(吝啬的)and
最新回复
(
0
)