The key to get equilibrium exchange rate is to find it ' s reasonable criterion 确定均衡汇率本身并不困难,关键是找出确定均衡汇率的合理依据。
Therefore , in section four , we try to seek the equilibrium exchange rate and take it as the criterion to assess yen ' s misalignment 因此在第四章中我们运用各种方法寻找这一“均衡汇率” ,作为衡量汇率失调的指标。
As a core of foreign exchange theories , equilibrium exchange rate is the main objective criterion to justify whether misalignment has appeared to the real exchange rate 作为汇率理论的核心问题之一,均衡汇率是判断实际汇率水平是否失调的主要客观依据。
The purchasing power parity ( ppp ) of renminbi ( rmb ) / dollar is tested , and estimated the equilibrium exchange rate of rmb / dollar , resorting to ppp means 摘要检验了人民币与美元汇率的购买力平价方法的应用条件是否成立,并利用购买力平价方法估计了人民币和美元的均衡汇率。
Chapter five discusses the determination of equilibrium exchange rate of rmb , and the phase and adjustment fluctuation of rmb , and the government ’ s intervention in the foreign exchange market 第五章主要探讨人民币均衡汇率的决定、人民币汇率的阶段性调整波动以及政府干预。