First-generation crisis model (第一代危机模型 dì yī dài wēijī móxíng) assumes that if a fiscal policy inconsistent with a fixed exchange rate is adopted (for example, excessive monetary growth), the exchange rate will be doomed to collapse.
- 第一代 (dì yī dài) as in first-generation immigrants (第一代移民 dì yī dài yímín); 代 (dài) as in young generations (年轻世代 niánqīng shìdài) or war years (战争年代 zhànzhēng niándài).
- 危机 (wēijī) as in energy crisis (能源危机 néngyuán wēijī) or economic crisis (经济危机 jīngjì wēijī).
- 模型 (móxíng) derives from 模 (mó) meaning imitating and 型 (xíng) meaning shape; 模型 (móxíng) as in plane model (飞机模型 fēijī móxíng) or maths model (数学模型 shùxué móxíng).
First-generation crisis model (第一代危机模型 dì yī dài wéijī móxíng) word examples:
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