金融市场失灵越蔓延,直接信贷和国有银行在这过程中的潜在角色越重大。
The more widespread the financial-market failures, the larger the potential role of directed credit and state banks.
他本周说,此类项目很有希望,因为它们避开了银行和一级交易商,直接向关键信贷市场的贷款者或投资者提供了流动性。
'Such programs are promising because they sidestep Banks and primary dealers to provide liquidity directly to borrowers or investors in key credit markets,' he said this week.
较高的储蓄率将直接或间接地抑制信贷需求。
Higher savings rates will dampen demand for credit, both directly and indirectly.
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