States and Markets 国家与市场
The severity of states' pension woes was disguised for years, because asset markets were so strong and because of the way states accounted for the cost of pension provision.
由于前些年资产市场的强势以及国家对未来养老金负债值的乐观估计,美国养老金问题的严重性一直不为人们所知。
In the end, I doubt it will even overthrow much of the conventional wisdom about states and markets.
我甚至怀疑,它最终不会改变多少关于国家和市场的传统看法。
Several emerging markets, in particular the Baltic states and Turkey, run large current account deficits and depend on inflows of cheap capital to finance these deficits.
几个新兴市场(尤其是波罗的海国家和土耳其)出现了巨额经常账户赤字,它们依靠低成本资金的流入来弥补这些赤字。
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