They usually talk about it as the "lost decade," where Japanese banks were not liquidated but they were not really in business.

他们在谈论它的时候称之为“垮掉的十年“,在这十年里，日本银行并没有破产,但是他们也没有真正在做生意。

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There were probably a number of firms that, over that ten-year period, went out of business.

在这10年间,可能有很多企业已经破产

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Goodbody & Company was a broker, but it failed in 1970, it went bankrupt.

古德巴迪公司就是经纪商,不过在1970年破产了

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That was to protect depositors in the case of bank failure and it was a very important innovation because, at that time, there were huge runs on banks.

以保护储户在银行破产中免受损失,该机构的成立是个创举,因为那段时期,银行遭到挤兑

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Banks are in trouble and as you know - they're starting to fail because they the value of their assets in the market is falling rapidly.

银行陷入危机，并且你知道,他们开始破产因为他们,市场中资产的价值,在迅速的降低。

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A company, according to Modigliani and Miller, has to weigh their tax considerations against their bankruptcy costs and get an optimum debt-equity ratio out of that.

根据MM理论,一家公司,必须在租税考量与破产成本之间进行权衡,然后得出最有利的负债权益比

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