Critics of the changing shape of finance say regulators have underestimated the distortive effect of tightening the rules for banks -- a distortion that could sow the seeds of the next crisis .
金融变形的批评者说,监管机构低估了收紧银行规则的扭曲效应一种可能埋下未来危机种子的扭曲。
In the meantime , the currency game has distortive effects for everyone .
与此同时,汇率游戏会对所有人产生扭曲效应。
So , too , is an overhaul of brazil 's fiendishly complicated and distortive tax system .
此外,巴西糟糕、复杂、扭曲的税收体系也需要彻底整顿。
What the reporters offer as pure facts are actually descriptions with distortive interpretation .
记者们提供的所谓纯事实,其实是歪曲事实的叙述。
Given these brutal political realities , the imf has done bank shareholders a favour by steering politicians in a relatively equitable and less distortive direction .