但是债务重组会终止信心下降利率上涨的恶性循环，有可能使让内部贬值成为一种可行的但却非常残酷的战略。

But a debt restructuring could bring the vicious circle of falling confidence and rising interest costs to an end, potentially making internal devaluation a workable if brutal strategy.

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米什金认为，网络泡沫的后果还不算太糟糕，因为它没有这种恶性循环，他认为目前资产价格的上涨属于这种危害不大而又属非理性的泡沫。

Mishkin sees the dotcom boom as less catastrophic because it didn't involve this vicious circle, and he regards the current rise in asset prices as being of this harmless, irrational kind.

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在2007年至2008年食品价格上涨期间，一些国家实施出口禁令，引发了一个推高大宗商品价格的恶性循环。

The imposition of export bans during the food price increase of 2007-2008 created a vicious circle that drove commodity prices higher.

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