But in talking about the political outcomes of states, that doesn't really fit into our analysis here.
所以说当谈到各地区的政策制定,我们现在所说的并不适合评价它
It was an international convention that gave, what they called, risk-based capital requirements and recommended risk-based capital requirements to bank regulators around the world.
巴塞尔协议是一个国际公约,它制定了,风险资本要求,并且向各国的银行监管者,推荐风险资本要求
The Federal Open Market Committee makes monetary policy so it's decentralized and long terms.
联邦公开市场监察小组,制定货币政策,所以它是分权并且长期的。
This is important in terms of political outcomes, and also important in the case of England/Britain in what we've come to call the Industrial Revolution, which I will talk about at another time.
这对于政策制定非常重要,它的重要性还体现在,我们所说的在英国发生的工业革命,我们以后会继续讨论
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