第一个是信贷衍生物的爆炸式增长，它保护买方免受违约之风险。
The first is the explosion of credit derivatives, which protect buyers from the risk of default.
研究促使我们努力寻找包括保护热带森林-碳信贷计划在内的解决途径，以便作为一项新的全球气候协议，取代京都协定书。
The research comes as efforts intensify to find a way to include protection for tropical forests in carbon credit schemes, as part of a new global climate deal to replace the Kyoto protocol.
俄罗斯的信贷繁荣令人吃惊，去年增加了55%，但是其经济由于石油高价格形成的高额外部及预算的盈余而得到保护。
Russia's credit boom is frightening, with lending up by 55% in the past year, but the economy is sheltered by large external and budget surpluses, thanks to high oil prices.
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