波动溢出效应

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请问关于研究波动溢出效应论文中Focusing on the time-varying proportion of variance accounted for by changes in the FED balance sheet to EME exchange rates, Figure 3 shows that the share is at its peak around the Lehman Brothers crisis in 2008, when the FED intervened and substantially increased the size of its balance sheet.这句话应该怎样理解

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关键词：波动溢出效应 溢出效应 Proportion Increased exchange