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.
内嵌或有资本金的另一个优势是,这样一来就没有必要设立一只系统性风险基金,从而也就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。
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是一定时空条件下的“比较制度优势”,若将一种制度模式在一定时空条件下的比较优势理解为恒定优势,就极易导致制度僵化与制度惰性。
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