But there is a second, darker interpretation of this trend: namely that the western financial system is drowning in excess cash and credit. 但对这种趋势的另一种较为悲观的解读是:西方金融体系正淹没在过多的现金和信贷当中。
China currently is seeing a correction in its housing market, which is plagued by excess supply in many cities outside Beijing and Shanghai, and tighter credit. 中国的楼市目前正在进行调整,并且面临信贷收紧。北京和上海以外的很多城市都存在供应过剩的问题。
Banks shared out their excess profits from underpriced credit among the shareholders, customers and traders. 银行在股东、客户、交易员之间分配低价信贷带来的超额收益。
Property investors are right to worry that all the excess supply will take substantial time to be absorbed. Higher borrowing costs and fears of a credit freeze hover over the sector. 房地产投资者有理由担心,太多的房屋供给需要相当长的时间才能消化,而贷款成本上升和对信贷紧缩的担忧也依然笼罩着房地产市场。
In the event of an inflationary blow-out-resulting from excess credit,-the US stockmarket would likely rise further, but in a volatile fashion. 信贷过剩导致通胀升温,美国股市可能因而进一步上升,但表现反复。
But when the economy begins to recover, the Fed will have to reduce the excessive stock of money and, more critically, prevent the large volume of excess reserves in the banks from causing an inflationary explosion of money and credit. 但当经济开始复苏之际,美联储将不得不减少过多的货币存量,且更关键的是,需要避免银行的巨额超额准备金引发货币和信贷的爆炸式增长。
The best measure of excess credit is the difference between the growth rate in bank credit and nominal GDP. 度量信贷过度膨胀的最好指标就是信贷增长率和名义GDP增长率的差额。
Excess demand, inflation, excessive credit and the need for monetary tightening should be the least of our policy concerns. 需求过剩、通胀、过度信贷以及货币紧缩的需求应是我们的政策关注中最少考虑的问题。
Because of the easy excess to credit, many Americans today are over their heads in debt. 只因为信用卡到处都能用,现在许多美国人到处都欠债。
Excess limitation on tax credit 税收抵免的超额限制
Unless otherwise stipulated in the Credit, Banks may refuse commercial invoices issued for amounts in excess of the amount permitted by the Credit. 除非信用证另有相反规定,否则银行可拒绝接受金额超过信用证所允许的金额的商业发票。
Lastly, Chinese officials have long been more worried about excess credit growth and asset-price bubbles than many of their Western counterparts. 最后,中国官员一直都比西方官员更为担忧过度的信贷增长和资产价格泡沫。
Excess Liquidity of Banks: Based on Disequilibrium Model of Demand and Supply of Credit 流动性过剩:基于贷款供求非均衡模型的分析
Research on Problem and Policy to Excess Liquidity of Credit Funds in Commercial Bank 商业银行信贷资金流动性过剩问题及对策研究
A draft in excess of the credit balance. 超过贷方余额的支出。
The amount billed may be slightly in excess of the credit limit if an account accrues clicks very quickly. 如果一个帐号的点击数增长得非常快,那么信贷总额可能会稍稍超过信贷限额。
Raising the rate of interest paid on excess reserves can make new bank loans less attractive, thus tempering overall credit creation. 增加超额准备金的利率可以降低银行新增贷款的吸引力,从而使总体的信贷供应趋于缓和。
They cannot magically erase a decade of excess from the credit markets. 央行无法将信贷市场10年过度行为的后果轻易抹去。
Excess demand for credit is common. 贷款的超额需求是普遍存在的。
Excess savings in the Asian banking system meant lenders could offer cheaper credit than bond markets could. 亚洲银行体系积累的储蓄额过高,意味着银行有可能提供比债市更低廉的信贷资金。
An inflationary blowout, for example from excess credit, would see the US stock market rise in a volatile fashion, partnered by a sharp fall in the US dollar. 若借贷过度带动通胀表现强劲,美股可望反复上扬,同时美元汇价亦可能显著下跌。
In retrospect, the Fed's injection of excess liquidity in 2001-2003, which Mr Bernanke endorsed with fervour, played a key role in setting the stage for the lethal mix of property and credit bubbles. 事后来看,美联储在2001年至2003年注入超额流动性的举措此举得到伯南克极力赞同在为致命的楼市和信贷泡沫铺路的过程中,发挥了关键作用。
But if you have not experienced 30 years of rising financial leverage, the past 10 to excess, you cannot get a credit crunch. 但如果你没有经历长达30年金融杠杆的不断攀升,过去10年也没有出现过度杠杆化,你就不可能遭遇信贷危机。
In 2009 and 2010, the big problem facing China was excess credit growth. 在2009年和2010年,中国面临的重大问题是信贷过度增长。
The general theory about risk analysis and risk shift mechanism is also introduced. Especially, the formation mechanism of excess credit risk and the Markov process of structure transform of bad assets are discussed in detail. 分析了银行风险分析的一般理论和银行风险转移机制,并着重对我国现有金融体制下信贷风险的形成机理和银行不良资产结构变化的Markov过程进行了研究。
Funds gap of securities firms is somewhat one kind of that of excess credit, which is mainly caused by excess risk faced by them. 券商的资金缺口是一种超额信贷资金缺口,这种缺口主要是由券商的超额风险产生的。
Excess Credit Risk Analysis 超额信贷风险分析
By impawned loans, funds gap of excess credit can be filled, and risk can also be balanced on the other hand, while the key is effective risk balance design. 通过券商质押贷款,一方面可以解决券商的超额资金缺口;另一方面也可以有效地平衡风险,关键在于进行有效的风险平衡设计。
However, there still exist a series of problems such as excess credit offer, mutual guarantee and fund appropriation due to the peculiarity of the group clients and systemic defects as well as technical shortfalls within the bank. 然而,由于集团客户信贷风险的特殊性及银行内部管理上存在的制度性缺陷和技术性偏差,出现了过度授信、关联互保、资金挪用等风险隐患,部分贷款风险已经显现。
Credit Spread is the excess return of credit bond yield over risk-free rate, which is compensated for the default risk of the company investors bear. 信用利差是信用债券收益率超过无风险收益率的部分,是投资者承担企业违约风险而要求的超额收益率。