Worse still, as policymakers rush to implement reforms in response to one financial calamity, they are apt to create distortions that pave the way for the next disaster.

• 更糟糕的是，当政策制定者们匆忙实施改革，以应对一场金融灾难时，往往容易造成新的扭曲，为下一场灾难埋下隐患。