Monetary Banking is the base of all other financial courses.

货币银行学是金融学各学科的基础。

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By comparison, previous systemic banking crises have on average cost 13% of GDP to resolve, according to estimates by the International Monetary Fund.

相比之下，根据国际货币基金组织的估计，为了解决先前的系统性银行危机，平均要消耗GDP产值的13%。

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To illustrate this he takes the reader on a journey through more than two centuries of monetary and fiscal policy and banking.

为了说明这一点，他把两百多年来的货币与财政政策和银行业的历程呈献给读者。

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This might be because in banking and monetary-policy circles, Mr Trichet's reputation remains high.

ECONOMIST: Trouble at the top | The

In many countries short-term interest rates are near zero and in a banking crisis monetary policy works less well.

ECONOMIST: Economics

The original cause of the Icelandic crisis was a combination of inappropriate monetary policy and an outsized banking system.

BBC: Why raising interest rates won't work