Yet some economists and journalists fear that countries, in attempting to gain an advantage in global markets, will engage in competitive devaluations, triggering large-scale inflation in the process. Such concerns have even made their way into debates about the mega-regional free-trade agreements – namely, the Transatlantic Trade and Investment Partnership between the US and the European Union, and the Trans-Pacific Partnership – that are currently being negotiated.
但一些经济学家和记者担心各国为了获得全球市场优势，会采取竞争性贬值，引发大规模通货膨胀。这些担忧甚至进入了大型地区自由贸易协定的讨论中——如目前正在谈判中的美国和欧盟的跨大西洋贸易和投资伙伴关系。如今，许多人要求将可执行的禁止所谓“货币操纵”条款纳入协定中。