As the tide goes out on a long era of low interest rates, no one can confidently predict where the next wave of financial market turmoil will spring from. And that “expect the unexpected” territory raises uncomfortable questions about modern financial regulation.
随着长期低利率时代的退潮,没有人能自信地预测下一波金融市场动荡将从何而来。这种“预期意外”的领域提出了关于现代金融监管的令人不安的问题。
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