金融英语相关词汇.doc

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1、Unit1EMUHasExchangeRatePolicyImplicationsforTransitionCountriesSeekingEUMembership[KeyWords]EuropeanEconomicandMonetaryUnion(EMU)   欧洲经济货币联盟EMUreferencevalues   欧洲经济货币联盟参考标准Thenewexchangeratemechanism(ERM2)      新汇率机制IMF’sFiscalAffairsDepartment  国际货币基金组织财政部

2、Thecurrencyriskpremium   货币风险溢酬Asymmetricrealshocks非对称性实际冲击Anindependentmonetaryandexchangeratepolicy    独立的货币汇率政策Macroeconomicstability      宏观经济稳定性Budgetbalance      预算平衡Synchronizedcycles     同步的循环Biasedtowardagricultureandindustry偏重于工农业Non-coreEUmembers 

3、欧盟非核心成员国Amanagedfloat(exchangeratearrangement)     有管理的浮动汇率制Anundeclaredmarginagainstthedeutschemark钉紧德国马克，保持一个不公开的差额Apre-announcedcrawlingpeg     预先公布的缓慢钉紧汇率制度Acurrencyboardarrangement     货币局制度、联系汇率制度Externalcurrentaccount      对外经常性项目账户Thecapitalaccount资本

4、账户Legalreserverequirementsystems法定存款准备金制度Sterilizedintervention   对冲操作Thenominalexchangerate   名义利率Exchangerateregimes  汇率制度Appropriateflankingpolicies适当的配套政策Containmentoffiscalimbalances 遏制财政失衡Aprudentmonetarystance  审慎的货币政策Fixedparity   固定平价Purchasingpower

5、parity(PPP)    购买力平价Interestrateparity(IRP)      利率平价Goldparity  金平价Widentheofficialmargins  放宽官方波动幅度ShadowtheEurounilaterally单方面暗中钉紧欧元Fullcapitalaccountliberalization 资本项目的完全放开 [Notes]1.      IncludingconvergencetowardEMUreferencevaluesandadherencetothenewe

6、xchangeratemechanism(ERM2)createdfornonparticipatingEUmembers.2.      Thatis,thosethathaveoptedout,orbeenleftout,ofEMU.3.      Albeit4.      EnteringtheEMUcurrencyareaentailsbothcostandbenefitsforcandidatecountries.5.      Also,thecurrencyriskpremium,reflect

7、edintheinterestrate,wouldfallandeventuallyvanish.6.      Animportantpotentialcostofjoiningacurrencyareaisthatitimpairsacountry’sabilitytoabsorbasymmetricrealshocksintheabsenceofanindependentmonetaryandexchangeratepolicy.7.      And,conversely,participationin

8、acurrencyarealeadstotradeexpansionandthustomoresynchronizedcycles.8.      Theireconomicstructureisonlymoderatelymorebiasedtowardagricultureandindustryrelativetoservicesthanthatofnon-coreEUmember