The biggest flaw of risk-based capital regimes such as the current Basel II, is that they are pro-cyclical.
顺周期性是风险基础资本体制(如当前的《巴塞尔协议II》)最大的缺陷。
This paper also makes analysis on the contribution made to economic growth by increasing infrastructure capital since China implemented pro-active fiscal policy in 1998.
结合中国1998年以来实施积极财政政策增加的基础设施资本对经济增长的贡献进行了实证分析。
This paper also makes analysis on the contribution made to economic growth by increasing infrastructure capital since China implemented pro-active fiscal policy in 1998.
结合中国1998年以来实施积极财政政策增加的基础设施资本对经济增长的贡献进行了实证分析。
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