A Report On The Translation Of The Great Recession:Market Failure Or Policy Failure? (Chapter 9)

This is a translation project report on the translation of Chapter 9 of The Great Recession: Market Failure or Policy Failure?.This book is written by Robert L.Hetzel.Compared with the traditional and popular market-disorder view,the author discusses a financial crisis from the unique perspective of “monetary-disorder” caused by macro economic policy failure.This report chooses Chapter 9 as original text which elaborates various fields such as the creditor loss,“TBTF”,portfolio diversification,etc.In this way,the author aims at analyzing advantages and disadvantages of market self-regulation and financial regulation.This report consists of five chapters.Chapter One is an introduction to the aim of this report.Chapter Two offers a brief introduction to the source text.Chapter Three depicts principal translation theories,including Reiss’ s classification of text,and Nida’s dynamic equivalence theory,which are closely associated with the specific translation methods and skills in the subsequent Chapter Four.In Chapter Four,part and parcel of the whole translation project,the writer enumerates some difficulties in the translation process and offers corresponding solutions.Chapter Five sums up lessons learned from the translation project,reflects on problems to be solved and gives a conclusion of the whole report in a comprehensive way.