新兴市场国家财政力量的缺乏使债权人在经济不景气时期购买这些国家债券的时候显得尤为小心。
This lack of fiscal muscle makes creditors wary of buying emerging-market bonds during bad times.
因此,在经济不景气的流动性差正是发挥了成熟的房地产市场的缓冲作用的债券市场。
Therefore, in an economic slump, the mobility of the poor precisely played a mature real estate market, the buffering effect of the bond market.
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