I think that these countries are somewhat trying to manage this oil risk but they can't yet get onto the frontier.

我想这些国家或多或少,都试着控制石油风险,但他们根本无法达到有效边界。

耶鲁公开课 - 金融市场课程节选

Anytime there's a risk that hits one person or one country the financial markets would spread it out over everybody and it gets very small.

如果有风险袭击一个人或者一个国家,金融市场就会将风险分摊到所有人身上,风险就变得微乎其微。

耶鲁公开课 - 金融市场课程节选

The socialist idea started to lead to a number of experiments in various countries around the world that were pooling risks-- they might not have put it this way.

这种社会主义设想,引发了全世界很多国家,在风险管理上的改制与试行-,他们可能没用“社会主义“这一叫法。

耶鲁公开课 - 金融市场课程节选

It means we really haven't done anything-- that's an exaggeration-- we've done very little to manage risks that individuals or that countries face, for that matter, or even individuals face.

这意味着我们面对冲击无动于衷-,这有点夸张-,我们只做了很少努力,来管理个人，或国家面临的风险。

耶鲁公开课 - 金融市场课程节选

What they argued in this paper was that, if we had perfect risk management, then there would be perfect correlation of consumption across countries because if we get rid of the idiosyncratic risks, then all that's left is planet-wide risks.

他们在论文中的观点是，如果我们有完善的风险管理,那在不同国家之间的消费呈完全相关,因为如果我们消除了特有风险，那只剩下全球范围内的市场风险。

耶鲁公开课 - 金融市场课程节选