首先,当前政策助长了金融不稳定。
金融不稳定给一国经济产生巨大的坏影响。
Financial instability can have large adverse effects on an economy.
美元一身二任的弊端,已成为引发全球经济和金融不稳定的根源。
The disadvantage of the Dollar's dual role has become a cause of global economic and financial instability.
在金融不稳定时期,通过采用更加低成本的替代品有助于客户超越其竞争对手。
In times of financial uncertainty, this could be the chance to surpass your competitor by using more cost-effective alternatives.
瑞士法郎也是被投资者视为相对的避难所,在世界金融不稳定的时期依然可以升值。
The Swiss franc is also seen by investors as a relative haven and has also strengthened amid global financial unrest.
上述特征中,信贷快速增长是预示金融不稳定的最重要的首要指示器,其次是资产价格泡沫。
Of these, rapid credit growth is the most important leading indicator of financial instability, followed by an asset price bubble.
看到他的主要关注点——债务和金融不稳定,已经成为当今经济学家讨论的一些主要话题就够了。
It is enough to observe that debt and financial instability, his main preoccupations, have become some of the principal topics of inquiry for economists today.
央行行长josedarioUribe着重使用谨慎的条例阻止导致金融不稳定的热钱流入。
Jose dario Uribe, governor of the central bank, puts a lot of weight on using prudential rules to stop inflows causing financial instability.
米什金先生亦承认,房地产市场的暴涨与崩溃造成了金融不稳定,后者“将问题放大到整个经济中”。
Mr Mishkin also acknowledged that housing booms and busts could contribute to financial instability, which could "magnify problems for the overall economy."
从费雪的负债-通货紧缩理论,到明斯基的金融不稳定假说,都在不同程度上使泡沫经济与金融危机获得了解释。
From the Fisher's debt-deflation theory to Minsky's finance unstable hypothesis, the theories explained financial crisis in varying degrees.
这方面的例子包括夸大资产价格的下跌、长时期地高规避风险以及允许正常波动转变成金融不稳定的各种市场结构。
Examples of this include exaggerated declines in asset prices, high risk aversion for a prolonged period, and market structures that allow normal market volatility to turn into financial instability.
如果我们维持零利率政策过久,那么未来经济不稳定的程度就有可能比最近的金融危机极端得多,代价也更高。
If we stick to the zero interest rate policy for too long, we risk a degree of economic instability much more extreme and costly than the recent financial crisis.
当时的1998年,尽管美联储在几周前还在为通胀压力而担忧,但由于金融部门开始出现的不稳定而削减利率。
It cut rates as the financial sector started to wobble, as it did in 1998, even though just a few weeks ago the Fed was worried about inflationary pressures.
新兴市场对马丁·费尔德斯坦建议极为重视,并采取一些列保障措施来防范金融全球化中的不稳定因素。
Emerging markets heeded Martin Feldstein's advice and took out an insurance policy against the vagaries of financial globalisation.
过多的监管者还只是立足于本国,从狭隘的角度关注金融系统的不稳定性问题,即使银行灾难带来的全球化恶果也难以改变他们的看法。
Too many supervisors still think about financial instability in narrowly national terms, even though catastrophes at big banks have international consequences.
但现在高价石油出口带来的影响,还有自去年夏天开始的日元显著升值(这主要是由金融市场的不稳定造成的)给获利带来了问号。
But now the impact on exports of higher oil prices, coupled with a sharp rise in the yen since last summer-a consequence largely of financial-market volatility-throws that profitability into question.
这种全球化具有巨大的好处,但也由于金融一体化和资本流动不稳定带来了风险。
Such globalization has large benefits, but it also introduces risks associated with financial integration and capital flow volatility.
一句话,人们害怕的是美国应对金融危机的激进做法会给全球货币体系带来危险的不稳定。
All told, the fear is that America's activism in fighting financial distress will create dangerous instability in the global monetary system.
金融市场会变得高度不稳定。
而我,则用它来解释金融市场所内禀的不稳定性。
I used it to demonstrate the inherent instability of financial markets.
一方面需要知道金融系统的不稳定性,另外一方面需要知道金融系统在什么时候出现崩溃。
It's one thing to know that the financial system is shaky, and quite another to forecast when it actually will crumble.
观念的变换并非源于疯狂或者犯罪,而是个人在面对凯恩斯所谓金融市场内生不稳定性时的理性反应。
Such shifts in perception are the result not of madness or criminality, but of individually rational responses to what Keynes saw as the inherent uncertainty in financial markets.
由此引出了批评者的第三点:不但没有增强经济的抵抗力,现代金融加剧了它们的不稳定性。
That leads to the critics’ third point: that far from enhancing economies’ resilience, modern finance has added to their instability.
以日本为例,它那些一度不稳定的金融机构如今资金需求较低,资本基础稳固,并且几乎不存在对次级贷款的风险敞口。
Take Japan, a country whose once-precarious financial institutions now have low funding needs, a solid capital base and little exposure to subprime loans.
现代金融是有瑕疵的,不稳定而且容易走极端。
现代金融是有瑕疵的,不稳定而且容易走极端。
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