But not all emerging economies are awash with liquidity .

但并不是所有的新兴经济体都面临流动性泛滥的问题。

Awash in nostalgiasuch charms help canals to survive .

充斥的怀旧魅力促使运河得以幸存至今。

Hong kong 's banks , awash in liquidity , seem happy to respond to demand .

流动性充沛的香港各银行似乎都很乐于对需求做出回应。

The system is awash with perverse incentives .

这一体系已被泛滥的错误动机淹没。

But not all emerging economies are awash with liquidity . In ten of the 27 countries , including russia , south africa , egypt and chile , credit is growing more slowly than gdp .

但不是所有的新兴经济体国家都存在流动性泛滥的问题，这27国中包括俄罗斯、南非、埃及、智利在内有10个国家的信用增长得比gdp慢。