Critics might cite the moral-hazard risk generated by liquidity support. But a well-designed framework that offers swap lines only to well-qualified emerging economies – and only temporarily – would diminish this risk substantially.
批评家可能会举出流动性支持产生的道德风险问题。但一个设计良好的框架，只为合格的新兴经济体提供互换额度——并且仅仅是暂时的——将大幅减少这种风险。