arbitraged

arbitraged

1. The price of a burger depends heavily on local inputs such as rent and wages, which are not easily arbitraged across borders and tend to be lower in poorer countries.

一块汉堡的价格在很大程度上取决于租金和工资等当地投入，它们不会轻易地遭到跨国套汇，而且在穷国的水平则更加低下。

2. 9.Nevertheless, it is still a puzzle why such a glaring anomaly has not been arbitraged away.

不过，人们仍然疑惑为什么人人可辨的市场超常没有被套利呢。

3. 31.In efficient markets, such an anomaly should be arbitraged away.

在有效市场中，这种异常情况理应被判出局。

4. Of course, efficient market theorists could retreat to higher ground by arguing a rally would just be one of those temporary, over-shooting events and prices will be arbitraged down in a while.

当然，有效市场理论也可以安然退却，方法是指出这次恢复仅仅是暂时性的，调节过度的价格将在稍后被套利交易拉下来。

5. 25. Nevertheless, it is still a puzzle why such a glaring anomaly has not been arbitraged away.

此种引人注目的异常没有被投机活动抵消，这让人有些困惑。

6. The rise in the euro-dollar exchange rate from, say, 1.10 in the spring of 2003 to 1.30 at the end of 2004 appears to have arbitraged away the presumed dollar trigger of the “next” crisis.

比方说，欧元对美元的汇率从2003年春的1.10上升到2004年末的1.30，这似乎是通过套利将美元引发“下一个”危机的假说消除了。

7. The cost of a burger depends heavily on local inputs, such as rent and wages, which are not easily arbitraged across borders and tend to be lower in poorer countries.

汉堡的价格很大程度决定于本地的各项成本，如租金和工资，他们在不同国家之间的差价很难获取，而且越是贫穷的国家这些成本越是低廉。

8. This would quickly bring down credit spreads as effectively banks would have the same credit ratings as their respective governments and the spreads would thus be arbitraged down.

这将迅速降低信贷利差，因为实际上银行将和各自的政府具有相同的信用评级，进而信贷利差也将由于投机获利而消失。