We conclude that the crux of successful withdrawal of state implicit guarantee lies in whether we can find the balance point between maintaining financial stability and guarding against moral hazard.
本文的讨论表明，国家隐性担保退出的关键在于能否找到维护金融稳定与防范道德风险的平衡点。
We conclude that the crux of successful withdrawal of state implicit guarantee lies in whether we can find the balance point between maintaining financial stability and guarding against moral hazard.
本文的讨论表明，国家隐性担保退出的关键在于能否找到维护金融稳定与防范道德风险的平衡点。
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