It probably has some risk, but the way we approximate things in finance, we take the government as riskless.

它可能存在一定的风险，但在金融学上，我们忽略其风险，将政府债券看作无风险。

耶鲁公开课 - 金融市场课程节选

It's actually--our International Center for Finance is sort of a museum for defaulted bonds.

实际上,我们的国际金融中心,有点像违约债券的博物馆

耶鲁公开课 - 金融市场课程节选

The thought was that the central bank is guarding the money stock and governments have a tendency to sometimes want to raid the bank when they're in trouble.

观点是,中央银行在保护金融债券,而政府当看到,银行陷入困境时,有查抄这家银行的倾向。

耶鲁公开课 - 金融市场课程节选

Well what it means is that starting in the 1930s we began to think of central banks as managing the money stock to stabilize the economy.

好吧，它意味着从二十世纪三十年代开始,我们就认为中央银行是,为了稳定经济而,管理金融债券的。

耶鲁公开课 - 金融市场课程节选

Debt is the simplest of financial instruments.

债券是金融工具中最为简单的一种

耶鲁公开课 - 金融市场课程节选

If you want to see bonds as they used to look, with their coupons, there are a number of them at the International Center for Finance down the street here with their coupons still attached.

如果你想看传统带有息票的债券,还有很多在,沿着路走就到的,国际金融中心,那还有许多贴有息票的债券

耶鲁公开课 - 金融市场课程节选