Modern finance improved countless lives.
现代金融提高了无数人的生活。
Modern finance is based on financial markets.
现代金融以金融市场为基础。
We thought we knew about sophisticated modern finance.
我们自以为先进熟知现代金融。
Modern finance is flawed, unstable and prone to excess.
现代金融是有瑕疵的，不稳定而且容易走极端。
Without doubt, modern finance has been found seriously wanting.
毫无疑问，现代金融业存在着严重的不足。
Nowhere are markets deeper and more liquid than in modern finance.
没有哪个领域像现代金融业那样，自由市场根深蒂固，大行其道。
The tools of modern finance are too valuable to be cast aside.
不过现代金融工具极具价值，因此绝对不会被打入冷宫。
Yet the failures of modern finance cannot be blamed on deregulation alone.
然而当代金融业的失败不能全部归罪于去调控。
The theory of capital asset pricing is the core of modern finance theory.
资产定价理论是现代金融理论的核心。
Financial market risk and volatility is a main issue for modern finance research.
金融市场的风险和波动性一直是现代金融学研究的主题。
The efficient market hypothesis is the main cornerstone of modern finance theory.
有效市场理论是现代财务金融学的主要理论基石。
Until last year credit-default swaps (CDSs) were hailed as a wonder of modern finance.
直到去年，作为一个现代金融奇迹，信贷违约掉期(CDSs)还在接受欢呼。
The spreading panic has shown up weaknesses in some of the foundations of modern finance.
扩散开的恐慌暴露出现代金融的一些基础性缺陷。
Still, they note modern finance has plenty of basic products that remain untried in China.
但他们也指出，现代金融业有足够多的基础产品仍然有待在中国推出。
Answering this question requires grappling with one of the most fundamental debates in modern finance.
回答这个问题先要试着解决现代金融一个最根本的争论。
We should strengthen the construction of social credit system as it is the base of modern finance.
良好的社会信用是现代金融业运行的根基，应当大力加强社会信用制度建设；
This has always been one of the central mysteries of modern finance: Why is it so damn profitable?
这一直是现代金融的核心神秘性之一。为什么它能那么赚钱？
For all its mistakes, modern finance is worth saving-and the job looks as if it is still only half done.
尽管罪孽深重，现代金融还是值得挽救的，只是看起来有些任重道远。
One by one, the claims made by modern finance have been tested during this crisis and usually found wanting.
现代金融业做出的主张在这场危机中正一个接一个的受到检验，并且通常都被发现不尽如人意。
Bankers and investors need to suffer precisely because the methods of modern finance have been found wanting.
正因为大家发现，现代金融手段有缺陷，所以银行家和投资者才不得不蒙受损失。
THE marvellous edifice of modern finance took years to build. The world had a weekend to save it from collapsing.
人们花了好些年才建起了现代金融的炫丽大厦，却要在一个周末之内防止这座大厦轰然倒塌。
Modern finance theory's research on arbitrage is mainly focus on the supposition of no arbitrage opportunity.
现代金融理论对套利的研究就是对不能获得套利机会这一假定的含义的研究。
The finance is the core of modern economy, and banks still occupies the key position in modern finance system.
金融是现代经济的核心，银行在现代金融体系中仍居于核心地位。
The specialisation introduces many of the theoretical and analytical tools that are important in modern finance.
该专业引进许多理论和现代金融中重要的分析工具。
As a form of modern finance, it is the nature of capital that differentiates venture capital from traditional one.
风险投资是现代金融的一种形式，与传统金融主要区别即在于资金的属性。
The credit company and other kinds of public credit system is a guarantee to the good operation of modern finance system.
征信公司和公共征信系统是现代金融体系良好运作的制度保证之一。
Academe gave great emphasis to EMH, and made EMH be the bedrock of the theory and practice of modern finance and accounting.
这一假说迅速得到学术界的广泛重视，并成为现代金融、财务与会计实务和理论研究的基石。
Neither should it be. Bankers and investors need to suffer precisely because the methods of modern finance have been found wanting.
银行家和投资者必须接受这一点，确切的原因是：现代金融秩序被发现存在缺陷。
That leads to the critics’ third point: that far from enhancing economies’ resilience, modern finance has added to their instability.
由此引出了批评者的第三点：不但没有增强经济的抵抗力，现代金融加剧了它们的不稳定性。
This paper summarized the new characteristics and new changes of modern finance relative to traditional finance from 14 respects.
本文首先从14个方面概括了现代金融相对于传统金融的新特征、新变化；
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