Worse, they lack discipline because of the implicit guarantee.
更坏的是因为完全的担保他们缺乏纪律。
Banks capture these by being able to borrow cheaply, because of their implicit state guarantee.
因为这些银行存在隐性的国家担保，所以银行通过成本很低的借贷创造了利润。
Banks capture these by being able to borrow cheaply, because of their implicit state guarantee.
因为这些银行存在隐性的国家担保，所以银行通过成本很低的借贷创造了利润。
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