It's different in other countries; in Europe, they've had universal banking, which allowed banks to offer insurance for a much longer time but in the U.S.

这与其他国家是不同的,在欧洲,那里有综合银行,它们提供保险服务已经有很长一段时日了,但是在美国

耶鲁公开课 - 金融市场课程节选

The Fed has never given loans to anyone other than a depository institution that is a bank until last month, except they did so in the Depression.

上个月，联邦政府已经开始限制贷款业务,除了银行以外的其他金融机构,休想再放出一分钱的贷款，也就是在萧条时政府才会这么做。

耶鲁公开课 - 金融市场课程节选

You've got these warehouses along the canals and here's where the bankers-- the Dutch had the most, along with the English, had sophisticated banking system in the world.

你已经见过了这些运河旁的仓库了,这些银行家们,大部分来自于荷兰,同时也来自英国,他们拥有世界上最复杂的的银行系统

耶鲁公开课 - 欧洲文明课程节选

But the point is Reagan supported that effort and that made all the difference, and it took a lot of courage Reagan was going to take the recession in 1982 He was willing to support Volker no matter what to get the inflation down ... Alright, so... Interest rates in the summer of 1980 were quite high Yes, they were.

但是，里根力挺了这次货币改革,这才是重点，下这样的决心不容易,里根本打算在1982年来狠抓经济衰退2,他很信任沃尔克,为了降低通胀率，可以不惜一切代价,好吧，那么。,1980年夏天，银行利率已经相当高了,没错，确实如此。

斯坦福公开课 - 经济学课程节选

In response to the subprime crisis that we are now in, our central bank, the Federal Reserve, has been cutting interest rates aggressively to try to save the economy that appears to be declining.

为了积极应对,目前的次贷危机,我们的中央银行,也就是美联储,已经调低利率,来积极地拯救正在衰退的经济

耶鲁公开课 - 金融市场课程节选

This has happened so many times in history that governments around the world now regulate banks and tell them that they have to hold a minimum amount of reserves and have a minimum amount of capital.

这在历史上已经发生多次了,如今,各国政府都在进行银行监管,并且告诉他们,他们必须留存最小金额的准备金,以及最小金额的资本金

耶鲁公开课 - 金融市场课程节选

I would be careful and not have all your money invested in stocks. I would look at a lot of these distressed debt--some of the distressed debt that has gone down. I don't know if you understand that but some of the debt that--even bank debt, which is the highest level, I think, has become very cheap.

我会非常的小心，不会把你们的钱全部都,投在股票上，我会寻找一些,不良债务--一些不良债务的价格已经下跌了,我不知道你们是不是理解这些东西,但一些债务--即使是银行债，它们的保险级别较高，我觉得，价格都已经很便宜了。

耶鲁公开课 - 金融市场课程节选

Well,the only people who would buy it are people who trust the bank that supports it, so in effect, the bank is promising to bail out the SIV if it should get in trouble.

只有人们相信设立SIV的银行的时候,他们才会去买SIV发行的票据,所以实际上,银行已经作出承诺,如果SIV陷入麻烦,银行会出面解决

耶鲁公开课 - 金融市场课程节选