Fears about the solvency of the banks precipitated the great economic crash.
对银行偿付能力出现恐慌更加速的崩溃。
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Walter Badgett, a former editor of The Economist, is credited with advising that, to avoid a crisis, central bankers should lend freely to solvent institutions, secured by good collateral and at a penalty rate of interest.
《经济学人》(The Economist) 前编辑沃尔特·巴吉特 (Walter Badgett) 因建议,为避免危机,央行行长应向有付能力的机构自由放贷,并以良好的抵押品和罚款利率为担保。