但他们频繁强调增长导致放贷过度，正如他们在拉丁美洲所做的，导致大量资产减值和周期性金融危机。

But their emphasis on growth frequently led them to lend excessively, as they did to Latin America, resulting in massive write-downs and periodic financial crises.

youdao

在处理日常事务过程中，顺利的双边合作关系和周期性的合作危机掩盖了美日联盟内在的混乱。

On a day-to-day basis, successful bilateral cooperation on both ongoing issues and the periodic crisis of the day belies the notion of an alliance in disarray.

youdao

但是在这种周期性背后，这场危机依然留下了印记。

But beneath the cyclical rhythms, the crisis has left its mark.

youdao

The problem with private banks issuing notes is that there would periodically be banking crises when the banks failed to pay on their notes and they couldn't pay out the gold that was demanded--that was required.

私有银行发行纸币的问题在于,当它们没法用要求的金子-规定的金子数量,支付它们发行的纸币时,它们将周期性的,陷入银行业危机。

耶鲁公开课 - 金融市场课程节选