To some extent, the subprime crisis is a failure of Basel II, which is not even fully born yet.

从某种程度上讲,次贷危机就是新巴塞尔协议的一次失败,该协议甚至还没有正式生效

耶鲁公开课 - 金融市场课程节选

They're operating like banks, but they're not regulated as banks, so Basel II doesn't apply to them and they can do what they want.

它们像银行一样运作,但并不纳入银行监管,所以它们不在新巴塞尔协议监管范围之内,它们可以为所欲为

耶鲁公开课 - 金融市场课程节选

We know the early example in sort of Golden Age America, but where else did we see a competitive fringe enter when there was a collusive agreement to keep quantities down?

我们知道美国全盛时期有这样的先例,还有什么行业原来也有产量协议,但新公司进入后却导致协议瓦解呢

耶鲁公开课 - 博弈论课程节选

It's also about bank regulation, such as the Basel Accord, Basel I and Basel II.

还会讲到银行监管,比如巴塞尔协议和新巴塞尔协议

耶鲁公开课 - 金融市场课程节选

This system has worked well for twenty years now but it is being superseded by another Basel Convention -Basel II -which has been going on for some years now.

至今这个体系已经良好运作了20年,但是它即将被另一个巴塞尔公约所取代,新巴塞尔协议,其实它已经实施了好几年

耶鲁公开课 - 金融市场课程节选

The reason the mafia thrives in countries where it's hard to write legal contracts-- let's say some new parts of the former Soviet Union or some parts of Africa the reason the mafia thrives in those environments, is that it substitutes for the law and enforces both legal and illegal contracts.

黑恶势力在那些,书面协议不受保护国家不断壮大,比如前苏联新成员国 或者非洲,为什么黑恶势力在这些地方发展壮大,因为这是法律强制力的补充,它维系所有合同,不管是不是合法的

耶鲁公开课 - 博弈论课程节选