脆弱的银行体系，极易受到宏观经济波动的冲击和国家政策的影响。
Fragile banking system, will be highly vulnerable to macroeconomic fluctuations and the impact of national policies.
宏观经济波动也导致了区域不平衡的波动，而区域不平衡并不是宏观经济波动的冲击源。
Macro economic fluctuation is also leading to a regional imbalance fluctuations, and regional imbalance and not the volatility of the macro economic impact source.
契约刚性和不完全契约以及由此产生的租金、厌恶风险的行为提供了宏观经济波动的微观分析基础。
Contract rigidity, incomplete contract, rent that arises form them and risk-averse behavior provide a micro-analytic base for macro-economic fluctuations.
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