About bank failures Governments try to reduce the risk of domestic bank failures by carrying out a number of regulatory measures,as serious consequences are often following the failures. Though,without government's regulations,banks with sound management have their own ways to avoid such risks. However,the owner of a bank is not the sole victim of bank failures.As a result,some banks might take a risk,which is higher than of social-optimal level,for their own benefit. What's more,when rumors about financial crisis begin to spread,bank failures could happen to those who have been prudent in investment tactics.

Banks Closing down(need help in translating practice from Chinese to English please!) Above all,I am doing some translating practice,and I wanna know if I have any mistakes and what is correct.I will appreciate to u. The potential consequence of the closing down of banks is very horrible,so government tries to reduce he probability of bank closing down by strong regulate. Even if there is no regulation,banks with good management could adopt measures by themselves to guard against closing down. But,due to the consequence of closing down is not only be taken by the owners of the banks,so,some of them may take a risk,which is higher than that of social-optimal lever for their own benefit. What's more,when the saying of economic crisis was being disseminating,a bank may close down even though taking a cautious investment strategy. Here goes the original of the article in Chinese: 由于银行倒闭的潜在后或非常可怕，所以，政府师徒通过对国内银行体系的大量管制以减少银行倒闭的发生。即使没有管制，管理较好的银行也会自行采取措施以预防倒闭。但是，因为倒闭的代价不只由银行所有者承担，所以，一些银行可能会为了自己的利益去冒高于社会最优水平的风险。而且，当有关金融危机的传闻开始散播时，即使银行在投资战略上很谨慎，也可能发生倒闭。 Thanks for reading !

Why I choose the master of Application Financial Economy Why I choose the master of application financial economy I am major in Science of Information and Computing in college.As a matter of fact,I have been fascinated in financial area,course I like this area and I think that is good for society.And I also know that it requires high-level mathematics .So I choose to systemly learn the theory and knowledge of math in college and go for financial area in master degree . Here is what I want to say in Chinese: 为什么我选择应用金融学 我的本科专业是计算数学，事实上，在我中学的时候，我便对金融行业心生向往，因为这个行业我非常喜欢且对社会有益。而我亦知此行业对数学要求甚高，所以我选择在本科的时候先系统地学习数学的知识和理论，然后在研究生时再投身于金融领域。