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2013-07-11
"the danger of uncoordinated credit expansion is that more expansionary banks lose reserves to less expansionary banks. Redistribution of reserves is a danger if banks do not expand in the same tempo. If bank A expands faster than bank B, fiduciary media will find their way to bank B customers who present them at bank B for redemption. Bank B takes the fiduciary media and demands the gold from Bank A, which loses reserves."       英语水平和专业水平不太好,不太能理解这段话,烦请各位学长不吝赐教!非常感谢!

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