Although the shift from external to domestic borrowing can reduce vulnerability to external shocks, it also carries risks from possible over-borrowing or inadequate supervision.

虽然从借外债转向借内债可以增强对外部冲击的抵御能力，但是也带来可能出现过度借债或监管不当的风险。

youdao

U.S. policies encouraged over-consumption and over-borrowing, and unless we understand where these policies came from, we have no hope of addressing the causes of this crisis.

美国政策鼓励过度消费和过度借款，除非我们明白这一政策从哪儿来，我们就不要指望能找出这次危机的真正原因。

youdao

U. s. policies encouraged over-consumption and over-borrowing, and unless we understand where these policies came from, we have no hope of addressing the causes of this crisis.

美国政策鼓励过度消费和过度借款，除非我们明白这一政策从哪儿来，我们就不要指望能找出这次危机的真正原因。

youdao

U. s. policies encouraged over-consumption and over-borrowing, and unless we understand where these policies came from, we have no hope of addressing the causes of this crisis.

美国政策鼓励过度消费和过度借款，除非我们明白这一政策从哪儿来，我们就不要指望能找出这次危机的真正原因。

youdao