A decrease in the money supply, causing a sharp fall in prices.
货币供应的减少，导致物价的急剧下降。
It also helps explain why America has suffered such a sharp fall in prices after the bust despite peaking lower than many other countries (see chart 4).
影子库存也有助于解释为什么美国房价峰值在远低于其他国家(见图4)的情况下就经历了如此剧烈的下跌。
Thus a sharp fall in prices would produce a raft of nonperforming loans and 'would have an outsized impact on Chinese Banks.
如此说来，房价暴跌将产生大量不良贷款，给中资银行带来巨大影响。
Thus a sharp fall in prices would produce a raft of nonperforming loans and 'would have an outsized impact on Chinese Banks.
如此说来，房价暴跌将产生大量不良贷款，给中资银行带来巨大影响。
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