所有这些做法都是明智的,但是短期来说,由于投资者担心新兴市场的中央银行不会再热衷于持有大量美元,美元会变得更加不稳定。
All this is sensible, but in the short term it will make the dollar more volatile as investors worry that emerging-market central Banks will be less keen to hold large amounts of dollars.
在不引发出口行业暴跌,不会造成失业率迅速上升从而导致社会不稳定的前提下,中国的政策制定者在短期内能够做的少之又少。
There is very little Chinese policymakers can do in the short run without causing a collapse in the export sector and a rise in unemployment so rapid that it could lead to social instability.
更加可能的是,借贷市场变得更加复杂,特别是可以用房屋抵押获取资产净值,已经使短期收入的不稳定变得更加容易应付。
More likely, the increased sophistication of credit markets, particularly the ability to extract equity from housing, has made temporary income instability easier to cope with.
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