The conclusions that we might draw for the future depend heavily on how central banks and regulators react to the crisis. At present, financial firms are learning the lessons for themselves, reducing leverage and hoarding capital and cash, whereas the authorities are trying to persuade banks to expand lending – precisely the strategy that led to the current crisis.
对于未来而言，我们能总结出的结论在很大程度上取决于中央银行以及监管者是如何应对这一危机的。在现阶段，金融公司正在为自己吸取教训，削减杠杆、储备资本与现金，然而当局却正在试图说服银行扩大贷款规模——而这正是导致目前此次危机的原因。