The Basel Accord was in 1988 and you can read about this in detail in Fabozzi, et al.

988年签订了巴塞尔协议,你们可以在法博齐的书中读到详细的内容

耶鲁公开课 - 金融市场课程节选

Basel 1988 was an effort to make sophisticated risk management requirements for banks that relied on more modern, as of 1988, financial theory.

988年的巴塞尔协议就是致力于,在当时最新的金融理论基础之上,建立成熟完善的银行风险管理制度

耶鲁公开课 - 金融市场课程节选

Back in 1988, when we started this study, we asked realtors around the country, what is the hottest market in the United States?

回溯到1988年,那时我们刚开始这项研究,我们问遍了整个国家的房产中介,在美国最炙手可热的市场是哪里

耶鲁公开课 - 金融市场课程节选

One is, in 1988 home prices were rising rapidly in Los Angeles, not so in Milwaukee, so people were just extrapolating the price increase.

其一,1988年,洛杉矶房价上升的势头很猛,密尔沃基却没有,所以人们推测房价会继续上涨

耶鲁公开课 - 金融市场课程节选

We asked people whether they had a perception of excitement directly and in Los Angeles, in 1988, 54% said yes; whereas, in Milwaukee only 21% said yes.

我们做过调查,询问人们是否切身感受到房价飚升,1988年54%的洛杉矶人说有,但是在密尔沃基只有21%的人这样认为

耶鲁公开课 - 金融市场课程节选

In 1988, we asked people in Los Angeles, are you worried that unless I buy now I won't be able to afford a house in the future?

如果在1988年问洛杉矶居民,你担不担心,如果现在不买房,以后恐怕会买不起

耶鲁公开课 - 金融市场课程节选

In 1988, when there was a boom in California, but of course not in Milwaukee, the average person in Los Angeles thought home prices would go up 10% a year for the next ten years --that's the median, I'm sorry.

988年加利福尼亚出现了繁荣,当然,在密尔沃基则没有出现,洛杉矶的人们普遍都认为房屋价格,会在未来十年内以每年10%的速度,上升,应该是中间价,不好意思

耶鲁公开课 - 金融市场课程节选