Those higher interest rates paid by countries with large external deficits were supposed to compensate investors for the risk of currency depreciation.
这些对外经常项目大额赤字的国家用本币支付较高利率来补偿投资者的通货贬值的风险。
2
He says investors see gold as a hedge against the depreciationof paper currencies, a hedge which has little opportunity cost because of low interest rates.
他说,投资者将黄金看成是抵御纸币贬值的保值工具,一个由于利率较低而机会成本较小的保值工具。
3
Birth rates must equal death rates, and production ratesof commodities must equal depreciationrates.