imbalances

Still, the problem of global imbalances has at least as much to do with incentives as with exchange rates.

然而，对全球贸易不平衡的问题而言，至少刺激性政策与汇率的影响不分伯仲。

The politicians who planned the euro generally did not think about future current account imbalances or other economic problems.

大体上来说，设计欧元的政治家们并没有考虑过未来的经常账户失衡问题或其他经济问题。

Yet I find it hard to believe that we are about to see a dollar collapse and an over- abrupt adjustment of global imbalances.

然而，我难以相信美元汇率将会暴跌，也难以相信全球失衡会出现过于突然的调整。

Thus, the question of imbalances within the eurozone is inescapable, however much Germany may wish to resist such a discussion.

因此，欧元区内部失衡的问题是不可避免的，无论德国多么希望抵制这种言论。

This is a serious risk in the Baltics, but elsewhere most economies do not display the same sort of financial imbalances.

这是波罗的海国家的严重风险，但其他多数国家没有呈现同类型的金融失衡状况。

In so far as they show up in current accounts, imbalances have actually moderated post-crisis.

就经常账户所反映出的情况而言，后危机时代的失衡实际上有所缓解。

"Global imbalances" have been seen as a threat for so long that it's tempting to conclude that the world economy is, in fact, in harmony.

“全球失衡”被视为一种威胁的时间已经太久，因此，得出全球经济事实上处于和谐状态的结论，是件颇为诱人的事情。

But, by acknowledging that the US is equally responsible for the world's economic imbalances, he made his case without upsetting his hosts.

不过，盖特纳承认美国对全球经济失衡负有同样的责任，因而在阐明自己观点的同时，避免了激怒东道国。

A plan for dealing with budget imbalances "has to be put in place" as the new administration and Congress craft a stimulus plan, he said.

他说，目前得解决财政失衡的计划“只能被放到一边”，因为新政府和国会忙于打造刺激计划。

Second, the higher imbalances themselves could sow the seeds of a new financial crisis just as they helped sow the seeds of the last crisis.

其次，失衡加剧本身可能会播下新的金融危机的种子，正如它们帮助播下上次危机的种子一样。

The EU "is correcting its internal imbalances, " he said. "We expect that other G-20 members correct their external imbalances as well. "

欧盟“正在纠正内部失衡，”他说道。“我们希望20国集团的其他成员国也对它们的外部失衡进行纠正。”

Academic economists usually treat imbalances not as a problem but rather as an easy measure of the extent to which the world was globalised.

因为纯理论经济学家通常不是将失衡视作一个问题，而是把它当作衡量世界全球化程度的便利手段。

Structural supply and demand imbalances and a misallocation of capital on a global scale mean high volatility in commodity markets, he said.

他指出，结构性供需失衡以及全球资本配置失当，意味商品市场将剧烈震荡。

No doubt Chinese currency manipulation has contributed at least partly to global imbalances.

毫无疑问，至少在一定程度上，中国的汇率操纵是导致全球失衡的背后推手。

It would be wrong of most countries to believe that they can focus on this as if it is the only reason why we have imbalances.

如果多数国家认为，它们可以关注于此，仿佛这是我们出现失衡的唯一原因，那么这种看法是错误的。

Needless to say, that did not happen, and as the recovery took hold last year, so the imbalances began to open up again.

不用说，这种情况并没有发生，随着复苏在去年站稳了脚跟，失衡开始再度扩大。

It is all too clear that the global economic imbalances that laid the foundation for the recent recession are still present.

很明显，为近期衰退奠定基础的全球经济失衡仍然存在。

Apart from the bank tax, the general discussion of the world economy will focus on resolving global imbalances, and on currencies.

除了银行税，有关全球经济的一般性讨论还将集中在解决全球失衡及汇率问题上。

Until an unbalanced world faces up to its chronic imbalances, successive crises are likely to be increasingly destabilising.

在这个不平衡的世界敢于直面长期失衡问题之前，接二连三的危机对于稳定性的影响可能会越来越大。

THERE was a time not so long ago when European policymakers believed trade imbalances were only a problem for America and China.

就在不久前，欧洲的政策制定者们还一度认为国际贸易失衡只是美国和中国要操心的问题。