Economist Martin Neil Baily said.

经济学家马丁·尼尔·贝利说道。

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Although he says the worst is over, Baily says the banking crisis is not.

虽然他说最糟糕的时期已经过去了，但是贝利说银行业危机还没有结束。

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If the economy starts to shrink again, Baily says, it would make a strong case for a second stimulus—something the Obama administration hopes will not be necessary.

贝利说，如果经济再次开始萎缩，就有充分的理由实施第二次刺激方案——奥巴马政府希望他们不必这样做。

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While some economists predict continued recovery in 2010, Baily says the only certainty is that banks are unlikely to make the same mistakes - twice.

VOA: standard.2009.12.20

If the so called "double dip" scenario happens,in which the economy starts to shrink again, Baily says it would make a strong case for a second stimulus something the Obama administration hopes will not be necessary.

VOA: standard.2009.12.20

Baily is an author and former adviser in the Clinton administration, says after the failure of Lehman Brothers towards the end of 2008, many of the world's largest banks feared the worst as the collapse of the housing bubble exposed investments in risky subprime loans.

VOA: standard.2009.12.20

Martin Baily and Jacob Kirkegaard of the Peterson Institute in Washington, DC, reckon that raising actual EU retirement ages to the official age would offset the impact of an ageing population over the next 20 years.

ECONOMIST: Pensions: 70 or bust! | The

According to Martin Neil Baily, a senior fellow at the Peterson Institute for International Economics in Washington, the "striking thing" about last year's report was that it painted a rosy view of the trade imbalance by focusing on the capital account surplus, rather than its inverse, the current account deficit.

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"I think what they will talk about is not the exchange rate per se, but the importance in allowing market determination of exchange rates, " says Baily, who added that it is his opinion that the dollar probably needs to decline by another 15% to 20% in order to make a serious dent in the deficit.

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