It cannot be imposed from above by an all-wise planner but requires many businesses and individuals to change behaviour.
这一调整不能由聪明绝顶的规划者自上而下强制安排,而是需要众多企业和个人改变行为。
2
This could be achieved in the absence of an all-wise regulator by using the cost of credit-default swaps (CDSs), which insure against default, as a guide to the right capital structure.