此外，存在蔓延的问题——在各市场、各机构和各国家蔓延。

Additionally, there is the problem of contagion - across markets, across institutions and across countries.

youdao

在21世纪，金融市场实现全球化、一体化，不过各市场间仍存在激烈竞争。

In the 21st century, financial markets are global and integrated — but still fiercely competitive.

youdao

不利的一面是，由于各州、各市，甚至各校区都制定了自己的政策，互有冲突也在所难免。

The downside is that with states, cities, and even school districts formulating their own policies, we're likely to hear conflicting advice.

youdao