The uncomfortable truth is this: central Banks, as monopoly producers of base money, have the capacity to enforce any yield level they wish to see in credit markets.

令人不快的事实是：作为基础货币垄断生产商的央行，有能力强行实施他们希望在信贷市场所看到的任何市场收益产量水平。

youdao

This means that if France were to lose its top credit rating-the latest fear in the markets-the EFSF would lose a big chunk of its lending capacity (or its AAA rating).

也就是说一旦法国信用评级下降——市场最近正在担忧——欧洲金融稳定基金(EFSF)的放贷能力会大打折扣(或其AAA的信用评级下降)。

youdao

States are turning to more market based incentives as opposed to rebates, such as the Solar Renewable Energy Credits (SRECs), a cap and trade like credit granted to firms or individuals who have installed solar capacity, which can be sold on spot markets.

FORBES: Solar Industry Rising: Can Energy's Fastest-Growing Sector Keep It Going?

America's government is working hard to revive markets for securitised debt, aware that banks lack the balance-sheet capacity to absorb all of those credit-card receivables and auto loans.

ECONOMIST: Investment banking: Wall Street's annus horribilis | The