By definition, they are accepting a disgusting amount of illiquidity in exchange for what they hope-and expect-to be a lot of coin at the end of the rainbow. 顾名思义,他们用大量的流动性不足来换取他们所向往的,理所当然的,在彩虹那头堆砌如山的铜板。
Everywhere illiquidity begat further illiquidity, spreading in a feedback loop between cash and futures markets. 流动性不足在各处引发进一步的流动性不足,在现货和期货市场之间循环蔓延。
One way to solve the illiquidity problem was to group them together into, say, an ETF. 要想解决这个流动性很差的问题,一个办法是把它们组合到比如说一支ETF之中。
When bubbles burst, asset prices decline, net worth of non-financial borrowers shrinks and both illiquidity and insolvency emerge in the financial system. 当泡沫破裂时,资产价格下跌,非金融借贷者的净值缩水,金融体系同时出现流动性变差和资不抵债的情况。
Suppose creditors think such illiquidity is indeed a risk. They would refuse to buy the bonds, rates of interest would soar and the economy would collapse. 假设债权人认为这种非流动性的风险的确存在,他们就会拒绝购买这些债券,于是利率将大幅飙升,而经济将走向崩溃。
The result would be illiquidity in both the market for public debt and the banking system. 结果可能导致公债市场和银行系统都出现流动性匮乏。
The new plan seems to make sense if and only if the principal problem is illiquidity. 只有当首要问题是缺乏流动性的时候,新的计划才似乎有意义。
These illiquid assets are choking off the flow of credit that is so vitally important to our economy. The core challenge, then, is viewed as illiquidity, not insolvency. 流动性不足的资产阻塞了对美国经济生死攸关的信贷流动。这样看来,根本挑战被视作流动性不足,而非没有尝债能力。
Leaders have mistaken a problem of insolvency for one of illiquidity. 欧洲领导人错把无力偿债问题当成了流动性不足问题。
The spread between the price at which traders were quoting bids and offers nearly doubled, indicating a level of uncertainty and illiquidity not seen since last August when the credit crunch first hit. 交易员们报出的买卖价差扩大了近一倍,这表明不确定性以及流动性短缺已达到自去年8月信贷危机开始爆发以来未曾有过的水平。
Some loaned massive amounts of money to hedge funds without worrying about the risks they were taking or the degree of illiquidity of their positions. 有些银行没有考虑对冲基金的风险或其头寸的流动比例,就为它们提供了巨额贷款。
This has accentuated market volatility and illiquidity. 这加剧了市场波动性,导致流动性愈发不足。
Could they ask to be paid for assuming illiquidity risk? 他们能够因为预想中的非流动性风险而要求赔偿吗?
Most fund managers will be reluctant or unable to invest in the smaller stocks because of illiquidity. 大多数基金经理不愿或不能投资较小型的股票,原因是流动性不佳。
The line between illiquidity and insolvency is a blurry one: less central-bank largesse would push many illiquid institutions into insolvency. 资产流动性不足和资不抵债之间的界限十分模糊:央行的援助越少会让流动性弱的机构更趋于破产。
The next round of global illiquidity might derive from foreign currency bonds of non-financial companies of emerging economies. 下一轮全球流动性不足,可能源自新兴经济体非金融类公司发行的外币债券。
It is designed to deal with a problem of illiquidity in what seems certain to be a growing crisis of insolvency, particularly as house prices fall and the economy continues to weaken. 设计这份提案是为了解决流动性不足的问题,而问题看上去肯定是一场越来越严重的破产危机,尤其是在房价下跌以及经济继续走弱之际。
It is not necessary, because the Federal Reserve is able to manage illiquidity through its many lender-of-last resort operations. 它没有必要是因为,美联储(Fed)能够通过其多种最后贷款人操作解决流动性不足。
Few financial economists thought much about illiquidity or counterparty risk, for instance, because their standard models ignore it; 比如,没有金融经济学家考虑不动产或者交易对方的风险,因为他们的标准模式就忽视了这个;
A severe bout of illiquidity has hit eurozone government bonds, threatening to impair the ability of some governments and other borrowers to meet their funding needs in coming months, according to market specialists. 市场专家表示,欧元区国债市场已经遭遇到一场严重的流动性不足问题,可能会导致一些政府及其它借款者的融资需求在未来几个月无法得到满足。
Real estate investments are long term in nature and possess two important characteristics that are often negleted: leverage and illiquidity. 房地产投资是长期的,它有两个往往被忽略掉的重要特质:高额借贷和套现困难。
The illiquidity of real estate is another important factor for consideration. 投资房地产,很重要的另一点考虑是套现不容易。
We are witnessing a lethal interplay between fears of sovereign insolvency, emerging sovereign illiquidity and financial stress ( see chart). 我们现在看到的是,市场对主权国家破产的担心、日益显现的主权国家流动性不足以及金融体系所承受的压力正致命地交织在一起(见图表)。
In addition to the illiquidity of state-owned shares, tight control over IPOs and share placements are also to blame. 除了国有股缺乏流动性外,中国对首次公开发行和配股的严格控制也难辞其咎。
First, address illiquidity in the market for mortgage-backed securities. 首先,解决抵押担保证券市场中的流动性问题。
Exchange Rate System, Illiquidity and Currency Crisis 汇率制度、流动性不足与货币危机
Equity depreciation due to illiquidity has been proven by overseas research. 股权缺乏流通性对其本身价值有减值影响这一结论已被一些国外著名研究结论所证实。
Property tax is suitably imposed by local government for its illiquidity and locality. 由于财产具有非流动性和地域性,适合地方政府开征。
This paper creates framework of measurement of liquidity risk based on illiquidity indicator Ill, and disassemble the liquidity risk into exogenous liquidity risk and endogenous liquidity risk. 建立了基于非流动性指标Ill的流动性风险度量框架,并将流动性风险分解为外生流动性风险和内生流动性风险。
Credit risk consists of illiquidity risk and insolvency risk. 本章模型中将信用风险由流动性不足风险和破产风险组成。