These problems were aggravated by the overvaluation of the dollar.

对美元的过高估价加剧了这些问题。

The signs of overvaluation are everywhere.

估值过高的信号比比皆是。

Unlike Asia in the 1990s, the renminbi shows few signs of overvaluation in its external balances.

与上世纪90年代的亚洲不同的是，就外部平衡而言，没有多少迹象显示人民币币值被高估。

What we've learned (I think), No. 1: Extreme overvaluation precedes a crisis — you might say it's a prerequisite.

我们学到了什么(我认为)，第1号：极端高估危机之前-你可能会说这是一个先决条件。

A period of strong performance leads to overvaluation, from which subsequent returns are inevitably disappointing.

一段时间的强劲表现导致过高估价，最终给人们带来无法避免的失望。

The correct price should have been $3.59, representing a 5% overvaluation of the New Zealand currency against the dollar.

正确的价格应为3.59美元，这意味着新西兰货币相对于美元被高估了5%。

He has been criticised for his handling of the overvaluation of the krona, which caused all manner of unhealthy speculation.

他被批评在处理冰岛克朗币值高估问题时，导致了种种恶性投机。

Some economists reject our measures of overvaluation, arguing that lower interest rates justify higher prices because buyers can take out bigger mortgages.

一些经济学家不同意我们的价值高估评定标准，认为低利率能抬高房价，因为买方能获得更多抵押贷款。

It's possible that in this general drama of overvaluation that Milton's working to distance himself from his own youthful interest in the virtues of virginity.

这是可能的，在被高估的戏剧中，弥尔顿的作品，让他无法投入到自己年轻时对贞操的兴趣中去。

As Barclays Capital, a British investment bank, neatly puts it: "The entire asset class of bonds is characterised by symptoms of overvaluation and complacency."

一家英国投资银行，巴克莱资本公司巧妙地说：“债券这整个的资产种类都表现为价值高估和没有意识到风险的自满状态。”

The central bank declared that: "The current massive overvaluation of the Swiss franc poses an acute threat to the Swiss economy and carries the risk of a deflationary development."

自欧元区债务危机以来，投资者纷纷转向瑞士法郎规避风险。瑞士央行宣布：“当前瑞士法郎价值被高估，给瑞士经济造成严重威胁，并可能引起通货紧缩。”

And then, as my caveat says, there are those instances of overvaluation that are hard to recognize in the same way that overvaluation in the mortgage-backed asset market was tough to see.

然后，作为我的告诫说，也有高估的情况下是很难承认以同样的方式，在抵押担保资产的市场价值高估是很难看到的。

A second answer is that growth countries may behave like growth stocks. A period of strong performance leads to overvaluation, from which subsequent returns are inevitably disappointing.

第二个答案是经济增长国家的表现与上涨的股票类似。一段时间强劲的业绩会导致高估，随后回报必将令人失望。

However, now, the research that applies real option to patent pricing does not consider the impact of rivalry entry on the value of patent option, leading to the overvaluation of the patents.

目前用实物期权来评估专利价值的文献又没有考虑技术进步对专利价值的影响，从而高估专利的价值。