• Another advantage of embedded contingent capital is that it avoids any need to create a systemic risk fund, which could lead to concerns about what to do with such a fund over time.

    或有资本金的另一个优势这样一来就没有必要设立系统性风险基金从而也避免了随着时间流逝,人们对于如何处理该基金可能产生的担忧。

    youdao

  • Since any structural advantage is a comparative one in a certain space-time, if it is misunderstood as invariable, it will probably lead to structural rigidity and inertia.

    任何制度优势都只能一定时空条件下的“比较制度优势”,种制度模式在一定时空条件下的比较优势理解恒定优势,就极易导致制度僵化制度惰性

    youdao

  • Since any structural advantage is a comparative one in a certain space-time, if it is misunderstood as invariable, it will probably lead to structural rigidity and inertia.

    任何制度优势都只能一定时空条件下的“比较制度优势”,种制度模式在一定时空条件下的比较优势理解恒定优势,就极易导致制度僵化制度惰性

    youdao

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