Britain is locked in a sterile argument concerning the lack of credit on offer to companies. The Bank of England argues that weak banks do not lend, so they need more capital. The industry counters that tighter regulation kills risk-taking and lending. But both sides agree that shovelling money out of the banks’ doors is important for economic recovery. Sad to say, neither of the positions, nor the inferred causal link between lending and recovery, is necessarily correct.
面對著企業信貸供應不足的問題,英國陷入了一場毫無結果的爭論。英國央行(BoE)認爲境況不佳的銀行放不出貸款,因此它們需要更多的資本。銀行業反駁道,嚴格的監管扼殺冒險和貸款。不過,雙方均認同銀行放貸對於經濟復甦的重要意義。但說來遺憾的是,雙方各自堅持的觀點以及貸款與復甦之間的因果關係都不一定成立。
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