Sticking with the peg would mean importing the policies of recession-threatened america and feeding inflation still more .
继续钉住美元意味着进口美国的衰退,而且会导致通货膨胀率进一步上升。
Only a miracle or some draconian and credible fiscal adjustment ( that does not exacerbate the recession ) could restore the peg 's credibility and lead to a growth recovery .
Argentina 's experience also shows that exiting a long-term peg tends to sink large private corporations with access to international financial markets , because their foreign-currency liabilities cannot be redenominated .
Several of latin america 's young democracies , for example , were keen to slash tariffs and peg their exchange rates to fight inflation .
例如一些南美的年轻民主国家,在大刀阔斧的裁减关税的同时还以钉住汇率制度应对通胀。
Many foreign economists argue that in the meantime the government should revalue the yuan 's peg , widen its trading band or shift from a dollar peg to a basket of currencies .
But in 1969 , as the strains between america 's budget deficit and the dollar 's gold peg emerged , an artificial reserve asset was created : the special drawing right ( sdr ) , run by the imf .