What the PDCF is it's really an extension of the discount window beyond member banks.

一级交易商信贷工具是,对会员银行贴现窗口的一种扩展。

耶鲁公开课 - 金融市场课程节选

What's essential about the Primary Dealer Credit Facility is that they're opening up the discount window of lending beyond the member bank to primary dealers.

一级交易商信贷工具中,最本质的东西是,他们将会员银行的贴现窗口,向一级交易商打开了。

耶鲁公开课 - 金融市场课程节选

The subprime mortgage market was bringing people into the mortgage market who in prior decades would not have been involved-- would not have had any mortgage.

次贷抵押信贷市场,把十多年前那些,不能获得抵押贷款的人,带进了抵押信贷市场

耶鲁公开课 - 金融市场课程节选

I read The Wall Street Journal every morning and I worry about the credit crisis, and I worry about credit cards, and I worry about auto loans, and I worry about corporate loans, and I worry about the solvency of the banking system, and then I go to work and I try and find the best opportunities that I possibly can.

每天早晨读华尔街日报的时候,我会担心有没有信贷危机,担心我的信用卡,担心汽车贷款,担心公司贷款,担心银行系统的偿付能力,然后我去上班,努力抓住所能遇到的最好机遇

耶鲁公开课 - 金融市场课程节选

If there were no credit markets, everyone would have to be on the production possibility frontier; there would be no other choice.

如果没有信贷市场,每个人的收入水平都会落在PPF曲线上,别无选择

耶鲁公开课 - 金融市场课程节选

But if we have credit markets, then people can individually choose to be off the production possibility frontier and at a higher level of consumption than otherwise would.

但如果存在信贷市场,那么个人可以选择超越,PPF曲线的范围,达到比没有信贷市场时更高的消费水平

耶鲁公开课 - 金融市场课程节选