These are the conditions for very unfavourable, and potentially destabilising, interactions between the real economy and the financial sector 这些负面因素正是促使实质经济与金融业之间发生极之不利及可能会动摇经济稳定的相互影响。
The foreign exchange market is a conduit for international capital, and therefore these destabilising phenomena often appear first in that market 外汇市场是国际资金进入经济体系的渠道,所以不稳定的情况通常最先会在这个市场出现。
First, domestic structural reforms . secondly, monitoring and surveillance of capital flows . thirdly, coping with the destabilising impact of hlis 第一项挑战是本土的结构性改革,第二是监察资金流向,最后是应付高杠杆机构对市场稳定造成的影响。
The fluctuation in financial markets that provides an incentive to investors but which, if extreme, can destabilise financial systems 金融市场波动的幅度,由于投资者可从中获利,因此能刺激投资意欲。但若波动幅度过大,可能会危害金融体系的稳定。
These measures demonstrate our strong commitment to the linked exchange rate system and help to dampen excessive and potentially destabilising interest rate volatility 这些措施表明金管局致力维持联系汇率制度,有助遏止利率过度波动,以致危害经济稳定。
But we all have to be realistically alert to the risks of destabilising volatility and the doubtful benefits that might be involved 不过,我们都要面对现实,小心考虑这些方法对金融及经济状况所带来大幅波动的风险,并要认真研究有关的好处是否真的会实现。
We have witnessed during the asian financial crisis how volatile these kinds of flows can become and how destabilising a sharp reversal of inflows can be 亚洲金融危机期间,我们亲眼目睹这类资金异常波动,一旦流入的资金急速扭转流向,就会损害经济稳定。
Conversely, an all-too-sudden unwinding of carry-trade positions risked destabilising global markets, as everyone rushed for the exits and the yen spiked 相反的,利差交易头寸突然平仓使得已不稳定的全球市场更具风险,因为每个人匆忙退出交易,日元极速升值。