First-generation crisis model (第一代危机模型)

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:

1. First-generation crisis model of currency crisis (第一代货币危机模型 dì yī dài huòbì wēijī móxíng).