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

不过，当前危机所突出表明的，是伴随银行体系崩溃的周期性衰退，在数量级上要比正常的周期性衰退更为严重。

What the current crisis does underline, however, is that a cyclical downturn associated with a collapse of the banking system is by an order of magnitude worse than a normal cyclical downturn.

youdao

但2007 - 08年的世界粮食危机显示粮价并非受单一因素或主要受周期性因素影响。

But the world food crisis of 2007-08 showed that food prices are not influenced solely, or even mainly, by cyclical factors.

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