| 1. | Foreign currency depreciation is a result of economic depression in the country concerned .
外汇贬值是有关国家经济不景气的结果。 |
| 2. | Competitive currency depreciation
竞争性货币贬值 |
| 3. | Following the dramatic currency depreciations in many east asian economies in 1997 , these countries suffered sharp and lingering recessions
随着1997年许多东亚国家经济中出现的戏剧性的货币贬值，这些国家遭受了急剧而且徘徊不去的经济衰退。 |
| 4. | Those economies where currency depreciation rather than internal price deflation is the accepted means of improving external competitiveness may be no better off at the end of the day
其他经济体系若以货币贬值而非内部价格下调作为改善对外竞争力的方法，它们最终的情况可能不会得到多大改善。 |
| 5. | It is the counterpart of currency depreciation under a floating regime , except that the adjustments that it forces to take place tend to involve less overshooting , less instability , and more lasting restructuring
这等同在浮动汇率下的货币贬值，不同的只是内部物价调整的过程较少涉及市场如汇市超卖，及太过不稳定的情况，并且会带来比较有持久性好处的结构调整。 |
| 6. | The implication of the need , given a more conservative view towards the return on us financial assets , for an increase in the net intake of foreign savings might be a combination of currency depreciation , declines in asset prices and a rise in domestic interest rates
从一个比较保守的角度来看，我们会发觉若美国需要更多国外资金流入本土市场，便可能要将货币贬值资产价格下调及调高本土利率。这显然会进一步影响经济复苏。 |
| 7. | Cause of deflation . it is the counterpart of currency depreciation under a floating regime , with the exception that it tends to involve less instability , less overshooting , but also , understandably , less instant adjustment to changing economic conditions
两者不同的地方是，在通缩的压力下，联汇制度下的调节机制对经济造成不稳定及过度调整的情况会比较缓和，但在面对不断转变的经济状况，所作的调整亦当然不及货币贬值来得迅速。 |
