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
36
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】______.
【C3】
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
where credit is due
解析
转载请注明原文地址:https://www.kaotiyun.com/show/1JSO777K
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
Modernindustrialsocietygrantslittlestatustooldpeople.Infact,suchasocietyhasasystemofbuilt-inobsolescence.The
Modernindustrialsocietygrantslittlestatustooldpeople.Infact,suchasocietyhasasystemofbuilt-inobsolescence.The
WorldWaterShortageAnewstudywarnsthataboutthirtypercentoftheworld’speoplemaynothaveenoughwaterbytheyear
PhilanthropyIthasbecomeanAmericantraditionthatthosewhoattaingreatwealthreturnsomeofittothepublicthrough
Sincetheenergycrisis,thesebigcarshavebecomearealliability.Theycosttoomuchtorun.
ItisimperativethatalltheaccountsofthePropertyManagementCompanyshouldbemade_______toalltheowners.
ThecompanyisallbutbannedinAmericabecauseoffearthatitswarescontain"backdoors"forChinesespookstoeavesdropond
InDecember,WaymoLLC,theleadingdriverlesscarcompany,broughtouttheworld’sfirstcommercialrobo-taxiservice.Butfor
下面你将听到一段有关云南少数民族情况介绍的讲话。文山壮族苗族自治州位于云南省东南部,东与广西相连,南与越南接壤,边境线长达438公里、总面积3万多平方公里,和海南省差不多。文山州有悠久的历史,境内发现过古人类牙齿化石,说明远古时期就有人类在此生息
随机试题
患儿女,5岁,有鼻塞、流清鼻涕,偶有打喷嚏,伴耳闷、张嘴呼吸半年。鼻镜检查见:鼻黏膜苍白水肿,鼻道有较多的清水样分泌物。此病的首选治疗措施是
社会控制首先是控制社会成员的【】
患者人工流产的吸宫术适应证下述哪项正确
关于干化学法检查尿内RBC,错误的是
一名在北京朝阳区某大学留学的非洲某国留学生在北京市海淀区的某商场内购物与另一中国籍顾客发生冲突,殴打了该中国顾客。现该顾客欲提起民事诉讼,主张6000元损害赔偿。本案中关于管辖的判断正确的是:()
阅读以下资料,回答问题。初步核算,2019年国内生产总值990865亿元,比上年增长6.1%。其中,第一产业增加值70467亿元,增长3.1%;第二产业增加值386165亿元,增长5.7%;第三产业增加值534233亿元,增长6.9%。第一产业增
公文的结尾通常采用的形式是()。
担保物权的法律特征是()。
周末我想去医院探望铃木,小王,你也一起去吗?
Forwhomisthepassagemostlikelywritten?Astheauthorsuggests,whatshouldtheapplicantknowbeforetheinterview?
最新回复
(
0
)