Argentina's strong performance was in part the consequence of a capital structure and foreign-exchange regime that magnified the impact of external liquidity conditions. 阿根廷过去良好的表现部分源于其资本结构和外汇制度,这两者扩大了外部流动资金环境的影响力度。
It refers to the financial risk arising out of the unreasonableness of the assets structure, liabilities structure and other financial structures, or other risk such as external guarantee that causes degrading the overall liquidity of the issuer. 发行人因资产结构、负债结构和其他财务结构不合理而形成的财务风险,对外担保等导致发行人整体变现能力差等风险。
"External liquidity"( measures the degree of access to hard currency relative to the borrowing needs); “外部流动资金”(衡量通向与借款需求相关的硬货币的途径所达到的级别);
Market discipline is external mechanism of stakeholders to participate bank governance, Liquidity salvage and Deposit insurance is a safety net. 市场约束是利益相关者参与银行治理的外部机制,流动性援助和存款保险是维护金融稳定的安全设施,市场约束、流动性援助和存款保险的激励兼容才能增加银行审慎经营可能性。
During the transformation, some realistic problems such as liquidity negative external effect and liquidity paradox resulted from the operation of credit loan fund liquidity in commercial banks have hindered adjusting effect of money supply. 转轨时期,商业银行信贷资金流动性操作所滋生出的信贷资金流动性负外部效应及流动性悖论等现实问题,阻碍着货币供应的调控效应。
In the process of transformation, commercial banks are externally under the pressure from changes in the social, economic and external environment exemplified by capital constraint, financial disintermediation, excessive liquidity, fiercer inter-bank competition, structural readjustment of residential class. 资本约束、金融脱媒、流动性过剩、同业竞争加剧、居民阶层的结构性调整等社会、经济和外部环境的变化是商业银行转型的外在压力。
Insurance funds for bond investments are faced with the external risks ( interest rate, market, liquidity, inflation, credit), operations. 保险资金进行债券投资的风险有:外部风险(利率、市场、流动性、通货膨胀、信用)、操作风险。
They prefer to internal financing and mainly depend on own fund accumulation in rights finance; in external finance, mainly relies on debt finance especially short liquidity loan, lack of various financing path, especially capital market. 企业融资模式偏好内源融资,权益性融资主要依赖企业自有资金的积累;外源融资方面,主要依赖债务融资,尤其是短期流动资金贷款,缺乏多样化的融资渠道,特别是缺乏权益性资本市场。
So, governments are responding with relevant regulatory policy to resist external liquidity shocks. 因此各国政府相应推出相关监管政策,抵御外部流动性冲击。
And monitor and early warning the risk of external liquidity shocks in real-time, in order to prevent and resist external liquidity risk timely and effectively. 同时对外部流动性冲击风险进行实时监测和预警,才能更加有效地防范和抵御外部流动性冲击的风险。
External economic variables such as external demand for products, the external supply of raw materials, external liquidity, either the number or price changes will be conducted to China through various channels. 外部经济变量诸如外部的产品需求、外部的原材料供给、外部的流动性等,无论是其数量还是价格的变化,都会通过各种途径传导至我国。
Researched the external quality assessment method of digital video, gave different indexes of the image sequence definition and liquidity degree about digital video structure conversion, there is consistent between the result of experiment and subjective assessment. 6. 对数字视频客观质量评价方法进行了研究,计算机仿真给出了不同数字视频结构及其转换结果的清晰度、流畅度等指标,结果和主观评价的视频效果比较是一致的。
Finally, through research and analysis from two angles of the commercial banks 'internal and external regulatory authorities to avoid the liquidity risk to provide appropriate policy recommendations. 最后通过研究分析,从商业银行内部和外部监管部门两个角度为规避流动性风险提供相应的政策建议。
Firstly, the research elaborates on the basic theories of this paper, focusing on the content and relevant theories of external liquidity shock risk and the early-warning-system models to lay a theoretical foundation for the following empirical analysis. 本文首先对基础理论进行阐述,重点分析了外部流动性冲击的内涵和冲击来源、冲击路径及冲击影响三个阶段的相关理论,并深入分析预警模型,为下文实证分析奠定基础。
Whether from themselves or their external reasons, the traditional means of financing can not effectively solve the liquidity problems of themselves in their development. 不论从中小企业自身还是其外部原因来说,传统的融资方式都不能有效解决制约中小企业发展的流动资金问题。
Second, the impact of external market volatility is caused by the external liquidity risk, such as real estate prices generate liquidity risk due to not pay back commercial banks 'loan. 外部市场波动的冲击是造成流动性风险的外因,如房地产价格的突然转向造成房地产企业拖欠商业银行还款,进而萌发商业银行到期支付流动性风险。
In the model where loans, loan commitments, and external financing need are the liquidity provision sources, changes in corporate governance or capital regulation have direct effects on bank liquidity. 特别是,在本文模型里,将放款、放款承诺与外部资金需求视为银行流动资产的来源,且会直接影响公司治理与资本管制。
Market control mainly by external supervision, the capital market liquidity model validity and stronger, produced a more active control market. 市场控制以外部监督为主的模式,资本市场的流动性和有效性更强,产生了更为活跃的控制权市场。
On the one hand, internal risks contain investment decision-making risk and investment manager risk. On the other hand, external risks consist with market risk, law risk, credit risk and liquidity risk. 其中内部风险包括投资决策风险和投资管理人风险,外部风险包括市场风险、法律风险、信用风险和流动性风险。
On the other hand, along with international trade and international capital flows in accelerating the development, external capital liquidity fluctuation on the effect of internal economy become increasingly significant. 另一方面,随着国际贸易与国际资本流动在加速发展,外部资本的流动性波动对内部经济的影响日益显著。