Moreover, there may be a financial panic: large financial institutions with short-term liabilities and long-term assets will have a difficult time weathering a large rise in long-term dollar-denominated interest rates. This mismatch can cause financial stress and bankruptcy just as easily as banks’ local-currency assets and dollar liabilities caused stress and bankruptcy in the Mexican and East Asian crises of the 1990’s and in the Argentinean crisis of this decade.
不仅如此，美元贬值还可能带来金融恐慌：美元计价的长期利率大幅提高会使持有大量短期负债和长期资产的大型金融机构陷入困境。上述失调会造成金融危机和破产，就像银行的本国货币资产和美元负债在20世纪90年代的墨西哥和东亚危机、以及最近10年的阿根廷危机中所造成的压力和破产那样轻而易举。