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1·Many of these changes consisted of the abandonment of a pegged exchange rate in favour of a more flexible exchange regime.

这些变革中很多就是放弃挂钩汇率，采用更为灵活的汇率制度。

2·There are two broad types of exchange rate regimes: the Fixed exchange rate regime and the Flexible (Floating) Exchanges rate regime.

汇率制度可以分为两种类型：固定汇率制度和浮动汇率制度。然而实际上存在着多种不同的中间状态的汇率制度。

3·One of the most debated issues in international economics concerns the choice ofexchange rate regime and the 'pros' and 'cons' of fixed versus flexible or floating exchange rates.

在国际经济事物中最具争议的问题之一是关于选择多种交换的汇率制度以及优点可缺点混杂的固定与灵活的浮动汇率。

4·Although China moved to a slightly more flexible exchange-rate regime last year, the central bank still restricts the yuan's trading band to a narrow 0.3% each day up or down against the dollar.

虽然中国去年略微提高了一些其汇率制度的灵活性，但中国央行仍将美元兑人民币汇率的日升降幅度控制在0.3%以内。

5·Under a flexible inflation targeting regime, should policymakers avoid any reaction to movements in the foreign exchange market?

弹性通货膨胀目标制度框架下，政策制定者是否只应关注国内变量而避免对外汇市场的波动进行任何方式的干预呢？