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
50
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】______.
【C19】
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
huge amounts of financial flows
解析
转载请注明原文地址:https://kaotiyun.com/show/pPSO777K
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
Modernindustrialsocietygrantslittlestatustooldpeople.Infact,suchasocietyhasasystemofbuilt-inobsolescence.The
AsanEnglishmajorstudentatoneofthemostfamousuniversitiesinChina,IstronglybelievethatbusinessEnglishismorepr
Ourcompanywillprovideyouwithfreetransportationasyourequestedandchargetheinstallation.
PhilanthropyIthasbecomeanAmericantraditionthatthosewhoattaingreatwealthreturnsomeofittothepublicthrough
PhilanthropyIthasbecomeanAmericantraditionthatthosewhoattaingreatwealthreturnsomeofittothepublicthrough
Aleading________intelligenceandoperationscompanyhasreleaseditsanalysisofworldwidereportedincidentsofpiracyandcri
Hewas________intoleavingthecompanybythehigherpayelsewhere.
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
简述完全性和部分性葡萄胎的特点和区别。
“观乎人文,化成天下”,文化对人的熏陶和滋养,就如_________一般,所到之处,生机勃勃,绿意盎然。中国传统文化之所以是我们最深厚的软实力,正是因为其________着中华民族最深沉的精神追求,代表着中华民族独特的精神标识,为中华民族生生不息、发展壮大
在20世纪前期曾经实行过二元君主制政体的国家是()
Theoneaccidentsituationwhereimmediateactionmustbetakeniswhenapersonstopsbreathing.Thismightbetheresultofdr
A.癌细胞团中可见角化珠B.癌细胞团漂浮在黏液中C.黏液将癌细胞核推向一侧D.癌细胞排列成条索状E.癌细胞形成乳头鳞状细胞癌的组织学表现是
案例1995年3月20日,N钢铁公司煤气车间抢险班在煤气管道搭头施工中,由于安全措施不到位,防护不周密,造成严重的煤气中毒事故,10人中毒,1人死亡。在事故发生的前两天,即3月18日,N钢铁公司煤气车间召开生产调度会,对20000m3
某企业2016年的有关资料如下:2016年销售收入1500万元,销售净利率20%。假定该企业流动资产仅包括速动资产与存货,非经营收益为60万元,非付现费用为150万元,经营活动现金净流量为350万元,该企业适用的所得税税率为25%。要求:计算该企
教师要充当__________、团体的领导者、模范公民、__________、__________、亲密朋友、心理辅导者等多种角色。
在采用线性探测法处理冲突所构成的散列表上进行查找,可能要探测多个位置,在查找成功的情况下,所探测的这些位置的键值()。
Asummaryofthephysicalandchemicalnatureoflifemustbegin,notontheEarth,butintheSun;in【C1】______attheSun’sver
最新回复
(
0
)