The calls to curb speculation in derivatives markets or short sales have this flavor. If, on the other hand, we believe that economic actors will respond rationally to incentives and information, then we can usefully reform regulatory frameworks with well-targeted measures, including restrictions on off-balance sheet vehicles, tougher disclosure requirements, and controls on rating agencies’ conflicts of interests.
呼吁遏制衍生品市场的投机以及限制卖空具有这样的意味。如果，在另一方面，我们认为金融市场参与者会对动机和信息作出理性的反应，那么，我们就能采取目标明确的措施——包括对表外工具的限制，更严格的信息披露要求以及对评级机构利益冲突的控制，来有效地改革金融市场的监管体系。