随着中国加入WTO,国外的竞争者涌入中国金融市场。
On the contrary, the capital flow has an expanding effect on the domestic money supply, which increase the price level.相反,资本流入对国内货币供应量有扩张效应,使价格总水平上升。
But he says it is far better for each country to do so in its own domestic money markets than by intervening in the currency markets.但他表示,各国在国内货币市场这么做(而非通过干预汇市)要好得多。