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Anonymous
Anonymous asked in 社會與文化語言 · 1 decade ago

TOO BIG TO FAIL

TOO BIG TO FAIL

這句話的意思是什麼 英文&中文來解釋

因為我們要寫這句話的英文解釋、申論

謝謝

1 Answer

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  • Jim
    Lv 6
    1 decade ago
    Favorite Answer

    The potential failure of a large bank presents vexing questions forpolicymakers. It poses significant risks to other financialinstitutions, to the financial system as a whole, and possibly to theeconomic and social order. Because of such fears, policymakers in manycountries -- developed and less developed, democratic and autocratic --respond by protecting bank creditors from all or some of the lossesthey otherwise would face. Failing banks are labeled "too big to fail"(or TBTF). This important new book examines the issues surroundingTBTF, explaining why it is a problem and discussing ways of dealingwith it more effectively.Gary Stern and Ron Feldman, officers with the Federal Reserve, warnthat not enough has been done to reduce creditors' expectations of TBTFprotection. Many of the existing pledges and policies meant to convincecreditors that they will bear market losses when large banks fail arenot credible, resulting in significant net costs to the economy. Theauthors recommend that policymakers enact a series of reforms to reduceexpectations of bailouts when large banks fail.

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