If the objectives were met – fiscal stabilization and renewed growth – the discount would disappear. In the same way, after 1993, the French franc initially diverged from its old level, but, in a good policy setting, it then returned within the exchange-rate band.
有关国家巩固信用的努力是否成功，便可以根据新货币的汇率来评估。如果目标达成——财政趋于稳定，经济恢复增长——其本币的打折程度就会收窄。就像在1993年之后，法国法郎最初贬值，然后又在良好的政策环境下回归正常汇率区间。