货币不足的情况下，他们面对高昂的募资成本，就会相应减缓建设。
When money was scarce, they would face high funding costs and could slow down in response.
自从1992年意大利退出欧洲汇率机制(ERM)并将自己的货币贬值后，由于投资者信心不足，利率上下波动。
After Italy left the European Exchange rate Mechanism (ERM) and devalued its currency in 1992, for example, it suffered from volatile swings in interest rates due to a lack of investor confidence.
除了货币供应量不足，美联储已经采取了很宽松的信贷方式。
Instead of a falling money supply, the Fed has taken an ultraloose credit stance.
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