If you ask someone a couple hundred years ago ? what's the essence of a bank?

如果你问一个几百年前的人,银行的本质是什么？

耶鲁公开课 - 金融市场课程节选

The Bank of England if you were a little bank somewhere in the U.K.

英格兰银行,如果你是英国的一家小银行的话。

耶鲁公开课 - 金融市场课程节选

Now, if that happens these homes are the collateral to the banks for all these mortgages and we're going to have -and probably do have already--a recession.

如果那种情况发生了的话,这些房子是银行对房屋抵押贷款的唯一担保品,那我们将会面临,-很可能现在正在面临着--经济衰退。

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If you'll allow me I will talk first about just what is a central bank such as the Federal Reserve and what do they do.

如果可以的话，我将首先谈谈,中央银行到底是什么,比如说联邦储备局，还有他们都做什么。

耶鲁公开课 - 金融市场课程节选

So what the guy would do is he would say okay you've got--if it was local money if it was from this town if it was New Haven money there were New Haven banks the guy would immediately know what it's worth.

所以，那个人将会做的是说,好的，你的钱-如果它是当地货币,如果来自这个城镇,如果是纽黑文的纸币,当时有纽黑文银行,那么这个人将立刻知道它值多少钱。

耶鲁公开课 - 金融市场课程节选