A country lacking short-term liquidity would be loth to approach the IMF for a loan under the "stand-by arrangement", the mainstay of the IMF's crisis lending.
一个缺乏短期流动性的国家可能不愿向国际货币基金组织寻求“备用信贷协议”——IMF危机贷款的中流砥柱。
One benefit of the recent crisis, he says, is that it will provide a benchmark for assessing whether Banks have enough liquidity in the future.
他指出,最近危机的一个好处是为评估银行是否在未来拥有足够的流动性提供了一个基准。
Firms that in the past would have been able to roll over their loans, bonds and debts coming to maturity now face a liquidity crisis that may lead them into costly debt restructuring.
一些过去可以将贷款、债券和到期债务滚动起来的企业,如今面对一场或许导致他们进入昂贵的债务重组的流动性危机。
And fourth, the crisis was destructive to many firms because solvency worries led to liquidity problems.
第四,危机对许多公司是毁灭性的,因为偿付能力的忧虑导致流动性问题。
There is a constant danger that behaviour in the market changes, as it did after the 1987 crash, or that liquidity suddenly dries up, as it has done in this crisis.
市场行为的改变(如1987年大崩盘后的状况)或者流动性骤然枯竭(正如本次危机中发生的那样)所带来的风险始终存在。
And regulators and accountants could ease up when Banks risk a liquidity spiral-as in Europe in 2002, when insurers faced a solvency crisis over falling share prices.
当银行面临循环流动性危机时,管理机构和会计师可以松口气了——正如在2002年欧洲,那时保险公司面临股价下跌的清偿能力风险一样。
Earlier this week, the Federal Reserve announced emergency measures to ease the liquidity crisis in credit markets.
本星期早些时候,美联储宣布采取紧急措施,以缓解信贷市场的流动资产危机。
In the containment stage, central Banks need to lend quickly, to avoid a liquidity crisis that will undermine sound institutions.
在这一阶段,中央银行应迅速放贷,以避免出现有损于金融机构两性运行的流动性危机。
"The dollar rallied last year because we had a global liquidity crisis, but we think the rules have changed and that it will be very different this time [if there is another market sell-off]" he said.
“美元在去年的反弹是由于我们经历了全球性的流动性危机,但是我们认为在这之后市场的规则已经发生了改变并且现在发生的这些事情与以往有很大的区别[要是有一个市场正在抛售的话]”他说。
As a result, the original plan looked a lot like the traditional remedy for a liquidity crisis at a solvent bank.
因此,最初的计划看起来很像是为解决一个还具偿债能力银行的流动性危机所采取的传统补救措施。
The mechanism distinguishes a “solvency” crisis from a “liquidity” one, with bondholders in insolvent countries expected to take the brunt of losses, but does not come into force until 2013.
欧洲稳定机制将支付能力危机同流动性危机区分开来;破产国家的债券持有人预计要分担损失,但此项规定到2013年后才会生效。
A punitive stance increases the stigma of being short of liquidity and encourages Banks to hoard cash, making the crisis worse.
惩罚性措施会增加短缺流动资金的耻辱,鼓励银行囤积现金,使得危机更加恶化。
These and other retrenchments reflect a growing liquidity crisis.
这些和其他削减反映了越来越多的流动性危机。
The Fed's rate reduction follows emergency measures in recent days to ease the liquidity crisis in credit markets.
美联储在宣布降息之前,几天来已经采取了一些紧急措施,以缓解信贷市场的资金流动危机。
The ECB's and the Fed's flexible responses to the crisis contrast with the rigidity of the Bank of England's liquidity regime.
欧洲央行和美联储应对危机的灵活,反衬出英国银行流动资金制度的僵化。
By that test, central Banks were right to lend money to the Banks in recent days, because it ensured that a liquidity crisis did not become a solvency crisis.
在这场考验下,从近期看来,中央银行向各家银行注入资金是正确的,因为这确保了清偿危机没有变成偿付能力危机。
If it carried out that threat, a liquidity crisis in Greece, bank runs and other mayhem could ensue.
如果欧洲央行言必行,那么在希腊就会引发一场流动性资产危机,银行纷纷溃逃,其他灾难也会接踵而至。
They are naturally keen to avoid a repeat of 1998, when the collapse of Long-Term Capital Management (LTCM) prompted a liquidity crisis.
他们致力于避免重蹈98年的覆辙,当年,长期资本管理的崩溃引起了一场流动性危机。
As Richard Bookstaber wrote in his recent book, “A Demon of Our Own Design”: “Trying to control the risk ends up creating the liquidity crisis.”
正如RichardBookstaber在近期出版的书中所言:“我们自己造成的恶果:尽力控制风险避免资金流动危机的产生。”
Liquidity risk and the current crisis: downward liquidity spirals.
流动性风险与当前的次贷危机:向下流动性螺旋曲线理论。
So the behavior of gold during a crisis depends on the type of crisis and whether gold is needed for liquidity purposes to finance war or a bailout, " he said.
所以危机期间的黄金表现取决于这场危机的类型,以及这场危机是否需要黄金作为流动资产,来资助战争或是援助行动,”他说。
It is worth paying a high price to stave off a liquidity crisis over New Year: better that weak Banks are able to borrow at the same rates as strong ones than that they are not able to borrow at all.
为了避免在新的一年出现流动性危机,付出如此高昂的代价是完全值得的:对弱小的银行来说,能够以与强大的银行相同的利率借款,比完全借不到不知好上多少。
At its onset, the turmoil in financial markets was described as a liquidity crisis.
开始的时候,在金融市场的混乱被描绘成一种清偿危机。
The lobbies of Wall Street will, it is true, resist onerous regulation of capital requirements or liquidity, after this crisis is over.
诚然,在这场危机结束后,华尔街的游说者将反对资本金要求或流动性方面的繁重监管。
Third is the European financial crisis sparked by the insolvency of Greece (no mere liquidity crisis in that country-it's broke), which has driven down the value of the Euro relative to the dollar.
第三,由希腊破产(并非流动性危机,而是崩溃)给欧洲的财政危机雪上加霜,从而导致欧元相对于美元贬值。
Thanks to “quantitative easing” and other unorthodox measures to pump in liquidity, central banks’ balance-sheets are swollen—to well over twice their pre-crisis size in Britain and America.
由于采取了“量化宽松”及其他超常措施注入流动性,英美两国央行的资产负债表规模剧增——超过危机前一倍有余。
Thanks to "quantitative easing" and other unorthodox measures to pump in liquidity, central Banks' balance-sheets are swollen-to well over twice their pre-crisis size in Britain and America.
由于采取了“量化宽松”及其他超常措施注入流动性,英美两国央行的资产负债表规模剧增——超过危机前一倍有余。
Thanks to "quantitative easing" and other unorthodox measures to pump in liquidity, central Banks' balance-sheets are swollen-to well over twice their pre-crisis size in Britain and America.
由于采取了“量化宽松”及其他超常措施注入流动性,英美两国央行的资产负债表规模剧增——超过危机前一倍有余。
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