That is, it tends to be bigger and that is because less developed countries have less developed securities, regulation and laws, and traditions.

也可以说,银行体系势必会更加庞大,因为欠发达国家,没有完善的证券系统,法律法规和历史经验

耶鲁公开课 - 金融市场课程节选

Because the financial risk management system that we have is imperfect, we aren't there yet.

因为我们的金融风险管理体系,存在缺陷，还并不完善。

耶鲁公开课 - 金融市场课程节选

Like when they devised the first engines or the first nuclear reactors, it didn't work so well at first and then from the experience of many people working on it, over many years, a body of knowledge emerges and that's what we call technology.

这和发明出第一个发动机,或者第一个核反应堆时一样,最开始总是存在很多问题,但随着很多人不断努力去完善它,一种理论体系才得以不断发展,这就是我们所说的科技

耶鲁公开课 - 金融市场课程节选