问题描述：
英语翻译
1、as in many episodes of financial stress,uncertainty about possible forced sales by leveraged participants and a higher cost of risk capital seem to have made investors hesitant to take advantage of possible buying opportunities．
2、Good reasons can still be advanced for shifting exposure from the balance sheets of thinly capitalized banks to those of better capitalized outside investors．
3、In the short run,securitized debt is likely to contract,as existing debt is paid down or written off． In the longer term,intermediaries will have to find a way to make their products more transparent to the buyers．
4、It showed the normal pattern of rising prices of assets,expanding credit,speculation,excess,then falling prices,default and finally panic．
1、as in many episodes of financial stress,uncertainty about possible forced sales by leveraged participants and a higher cost of risk capital seem to have made investors hesitant to take advantage of possible buying opportunities．
2、Good reasons can still be advanced for shifting exposure from the balance sheets of thinly capitalized banks to those of better capitalized outside investors．
3、In the short run,securitized debt is likely to contract,as existing debt is paid down or written off． In the longer term,intermediaries will have to find a way to make their products more transparent to the buyers．
4、It showed the normal pattern of rising prices of assets,expanding credit,speculation,excess,then falling prices,default and finally panic．
问题解答：
我来补答展开全文阅读