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  3. Read the article below about how capital controls and monetary policy are im

Read the article below about how capital controls and monetary policy are im

游客2025-05-27  12
问题     Read the article below about how capital controls and monetary policy are important adoptable in developing countries.
    Choose the correct word or words to fill each gap from A, B, C or D on the opposite page.
    For each question(21—30), mark one letter(A, B, C or D)on your Answer Sheet.
    There is an example at the beginning(0).
            Capital Controls and Monetary Policy in Developing Countries
    This paper -looks at both the theoretical and empirical literature on capital controls and finds that (0). D.....controls can play an important role in developing countries by helping to insulate them from some of the harmful【C1】______of volatile and short-term capital flows.
    The authors look at controls on capital inflows in Malaysia(1989-1995); Colombia(1993-1998); Chile(1989-1998); and Brazil(1992-1998), and also consider the【C2】______of Malaysia’s controls on outflows in 1998-2001. They conclude that there is sufficient backing in both economic theory and empirical evidence to consider more widespread【C3】______ of capital controls in order to 【C4】______some of the macroeconomic problems【C5】______with short-term capital flows, to enable certain development strategies, and to allow policymakers more flexibility with regard to crucial monetary and exchange rate policies.
    The paper follows what appears to be a shift in the position of the International Monetary Fund (IMF)towards such controls. In a February paper, the IMF concluded that "there may be【C6】______ in which capital controls are a legitimate【C7】______of the policy【C8】______to surges in capital inflows." The Fund’s Global Financial Stability Report【C9】______ in April 2010 was less sanguine about capital controls, but the net result is that the IMF appears more open to【C10】______capital controls than in the past.
Example:
A these B those C economic D capital
[br] 【C8】
选项 A、reply
B、answer
C、action
D、response
答案 D
解析 词义辨析题。A项意为“回复，回答”；B项意为“回答，答复”；C项意为“行动，动作”；D项意为“回应，反应，响应”。根据该句表达的意思，应该选D项。
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