Astrong financial system needs market discipline. Unfortunately, as a result of the global financial crisis, there is now a deeply embedded presumption that governments will use taxpayer dollars to bail out banks, creating a strong incentive for banks to take undue risks. Should this be allowed to continue, it will leave bank supervisors as the main restraint on excessive risk taking – not the banks themselves or their investors.
一個穩固的金融體系需要市場自律。不幸的是，由于全球金融危機，人們現在已根深蒂固地認定，政府將使用納稅人的錢來紓困銀行，從而向銀行提供承擔過度風險的有力激勵。長此以往，銀行監管機構就會成為限制銀行承擔過度風險的主要力量——而不是銀行自身或它們的投資者。
您已閱讀10%（558字），剩余90%（5210字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。