Taxes reduce the expected return on a risky asset but also lessen its riskiness.
减少了风险资产的预算益，但也降
了它的风险。
Taxes reduce the expected return on a risky asset but also lessen its riskiness.
减少了风险资产的预算益，但也降了它的风险。
That alone will challenge old rules of thumb about the relative riskiness of emerging-market debt.
仅凭这一点，就会挑战关
市场债务相对风险的传统经验法则。
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