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
39
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】______.
【C14】
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
government reserve holdings
解析
转载请注明原文地址:https://kaotiyun.com/show/zJSO777K
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
SomeAmericansarenotsureifObamaisapresidentwithgreat________andthereforedeservestheirpoliticalsupport.
PhilanthropyIthasbecomeanAmericantraditionthatthosewhoattaingreatwealthreturnsomeofittothepublicthrough
Ourcompanywillprovideyouwithfreetransportationasyourequestedandchargetheinstallation.
InDecember,WaymoLLC,theleadingdriverlesscarcompany,broughtouttheworld’sfirstcommercialrobo-taxiservice.Butfor
女士们,先生们:金秋十月,北京气候宜人,中国国际投资贸易论坛今天在这里隆重召开了。我很高兴能够应邀出席本次论坛,首先我谨代表中华人民共和国商务部向远道而来的国内外朋友表示热烈的欢迎和衷心的感谢。[TONE]∥[TONE]众所周知,通
尊敬的来宾,女士们,先生们:早上好!我很高兴来参加《财富》全球论坛,也很荣幸在此与大家交流一下我的看法。27年前,“开放”对于中国还是一个很陌生的词汇。在27年问,国民生产总值增加了1,100%,平均增速达9.4%。开放给中国人民
随机试题
再贴现政策主要包括()两方面的内容。
【案例】患者男,58岁。吸烟史30年,咳嗽咳痰20余年,活动后气短4年,偶有下肢水肿。近5天咳嗽、气短症状加重。查体:神志清,桶状胸,双肺呼吸音低,少量湿啰音,P2>A2,剑突下搏动增强,双下肢水肿。最可能的诊断是
治疗血行瘀滞,多配用行气药,是由于
男,30岁。慢性再生障碍性贫血病史3年,因头晕、乏力、心悸2天入院。查体:贫血貌,血红蛋白60g/L。患者既往有多次输血史,2个月前输血时曾出现过发热反应,体温达39.2℃,经对症处理后缓解。患者此次住院输血,宜首选的血液制品是
税收的调节作用主要通过()体现出来。
From:MitchellGlassTo:LoisWest
Subject:ManythanksDearMs.West,Iwouldliketothankyoufor
关于社会救助,下列描述中错误的是()。
下列关于表述法的效力的选项哪个是正确的?()
下面列出的关于“视图(View)”的条目中,哪一条是不正确的?
It’samazingthattworesearchersworkingindependentlymadethesamediscovery___________.
最新回复
(
0
)