经验表明,对总体审慎政策不能期望太高。
Experience so far argues against expecting too much of macroprudential policy.
典型来说,总体审慎政策需要对企业和市场施加一定权威。
Macroprudential policy typically requires some authority over firms and markets.
对央行总体审慎政策威力的首次测试或许已经开始。
The first test of central banks’ macroprudential prowess may already be upon them.
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