But, in 1998, when Long Term Capital Management ("LTCM") blew up, it nearly brought down the financial system. The problem was excessive leverage as reflected in the financial sector debt.
但是，1998年LTCM危机几乎拖垮整个金融体系，问题在于金融借贷反映出过度的金融杠杆率。
A measure of a pany's financial leverage calculated by dividing long term debt by shareholders equity. It indicates what proportion of equity and debt the pany is using to finance its assets.
测量公司财务杠杆的一种方法，长期债务总额除以股东股本。显示如果发生清偿时，所有人的股东能够满足债权人要求权的程度。
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