Rather, they see it as rooted in market failures that delivered boom-bust credit cycles - not just in the us in recent years but also in earlier episodes in emerging markets and Japan.

相反，他们认为金融危机的根源在于导致信贷繁荣与萧条周期的市场失灵——不仅出现在近年来的美国，还包括早些时候的新兴市场和日本。

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Rather, they see it as rooted in market failures that delivered boom-bust credit cycles - not just in the us in recent years but also in earlier episodes in emerging markets and Japan.

相反，他们认为金融危机的根源在于导致信贷繁荣与萧条周期的市场失灵——不仅出现在近年来的美国，还包括早些时候的新兴市场和日本。

youdao