But the real problem lay in their reliance on short-term capital flows from overseas.

但是真正的麻烦在于这些国家对于海外短期资本的依赖。

youdao

The first sections is the introduction and overview of the international short-term capital flows.

第一部分是导论和国际短期资本流动概述。

youdao

But, to be sure, managing orderly financial integration and short-term capital flows requires more than just domestic measures.

但是，可以肯定地说，对金融一体化和短期资本流动的有序管理仅需要国内的措施是不够的。

youdao

Instead, most hope that controls on short-term capital flows might make them less volatile.

ECONOMIST: Time to turn off the tap?

To prevent volatile currency swings, he argues, governments should impose a tax on short-term capital flows especially short-term bank loans.

ECONOMIST: Rise.Fall.Rise?

They have freed their exchange rates, avoided a dependence on short-term capital flows and steered clear of running up massive current-account deficits.

ECONOMIST: A health check for emerging markets