The crisis has brought important lessons about the benefits of possessing a freely floating currency. One benefit, UK experience suggests, is monetary and fiscal policy autonomy. But a substantial depreciation has contributed much less to the adjustment of the current account than most would have expected. These lessons have important policy implications.
在擁有自由浮動貨幣的好處方面，這場金融危機帶給了我們一些重要的經驗。英國的經驗表明，好處之一是，能夠保持貨幣與財政政策的獨立性。但大幅貶值下英國經常賬戶的調整幅度，遠低于多數人的預期。這些經驗具有重要的政策影響。
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