To mitigate that risk, these countries eschew short-term debt and keep debt ratios low; some build up huge war chests of foreign currency.
为了缓和这一风险，这些国家避开短期债务并保持低负债率，其中有些国家筹备巨额的外币款项。
First, they are less reliant on short-term debt for their funding.
首先，它们减少了资金中对于短期债务的依赖。
Buying more short-term debt is pointless because the interest rate on that debt is near zero.
购买更多的短期债务时毫无意义，因为短期债务的利率几乎为零。
The speculative binge was abetted by a giant "shadow banking system" in which the Banks relied heavily on short-term debt.
投机热潮被一个巨大的“影子银行系统”助长，在这一系统中银行很大程度上依赖于短期债务。
As the value of the peso continued to decline, it took more and more of them to finance the dollar value of Mexico's short-term debt.
由于比索持续贬值，要花费越来越多的比索来支付墨西哥短期债务的美元价值。
Banks own a lot of long-term assets (like your mortgage) and hold a lot of short-term debt (which is cheaper than long-term debt).
银行持有很多长期资产(比如你的贷款)和短期债务(利率比长期的要低)。
Banks are supposed to make money by skillfully managing the risk of transforming short-term debt into long-term loans; instead, they were undone by it.
本来，银行赚钱应该是经由移转短期债务的风险到长期贷款的巧妙管理，但是，他们却反其道而行。
Banks are supposed to make money by skilfully managing the risk of transforming short-term debt into long-term loans; instead, they were undone by it.
银行本来应靠巧妙地管理短期负债转为长期贷款的风险来挣钱；然而，他们却因此陷入困境。
The problem was exacerbated because, as Mexico’s condition deteriorated, in order to raise money it had issued short-term debt instruments called tesobonos, which had to be repaid in dollars.
问题越来越严重，因为随着墨西哥形势的恶化，为了筹集资金，墨西哥发行了一种称为“特索博诺斯”的短期债券，这种债券必须用美元偿还。
Both borrowed partially (but not exclusively) in a form of short-term debt known as asset-backed commercial paper.
这两类载体均部分(但不是绝对)通过那类由资产抵押商业债券来借入短期贷款。
The other thing that I mentioned last time was that there seems to be a really big difference between the expected return on the stock market and the expected return on short-term debt.
上节课提到的另一条内容是,股票市场的预期收益,与短期债券的预期收益,存在着巨大差异
To assess the absolute risk of a crisis you need to estimate external-financing needs (defined as the sum of the current-account balance and the stock of short-term debt) over the next 12 months.
为评定危机的绝对风险需要估计外部筹资需求（定义为经常账户余额和股票短期借款的总和）在接下来的12个月中。
On the eve of the crisis in June 1997 South Korea's reserves were only one-third as big as its short-term debt; today they are twice the size.
在1997年危机的前夕，南韩的储备只有它短期债务的1/3；今天他们是当时的两倍。
Mr Green believes the demand for short-term debt has also shaken the long-term bond market out of its torpor, pushing issues from $8 billion to $13 billion.
格林认为，长期债券市场也因短期负债需求的存在而重现活力，发行量从80亿美元增加到130亿美元。
The retailer spent 21 million euros more than a year earlier forinterest payments as it changed short-term debt into long-term loans.
1年前，为把短期债务转为长期贷款，麦德龙集团花费了2100万欧元用于支付利息。
Old rules of thumb which said that countries should keep enough reserves to cover only short-term foreign debt now look hopelessly out of date.
过去粗浅的经验——国家应该维持足够的外汇储备来应付仅仅是短期的外债——现在看来绝望又过时。
It surprises many people that stocks have paid such an enormous premium over the return on short-term debt.
很多人没有想到的是，股票相比短期债券而言，存在一个巨大的溢价。
So the Fed is shifting from its usual policy of buying only short-term debt, and is now buying long-term debt — a policy generally referred to as “quantitative easing.
所以，从通常的只购买短期债券美联储转为现在的购买长期债券——这种政策通常被称为“量化宽松”。
Bond prices were mixed Monday, with short-term debt falling slightly and longer term Treasurys rising.
美国国债价格周一涨跌互现，短期国债价格小幅下跌，长期国债价格上涨。
The deal is to be financed with a mix of cash, shares and short-term bank debt.
收购资金由现金、股票和银行短期贷款三部分组成。
The most vulnerable currencies when financial storms break, however, belong to countries whose banks, companies and households owe large amounts of short-term debt denominated in foreign money.
而在金融风暴到来时最脆弱的货币，当属该国银行业、公司、家庭大量举借短期外债的货币。
But they have a lot of short-term debt and the quality of their borrowers' collateral is falling.
不过他们也仍有一些短期债务在身，而且债务方的抵押担保质量在下滑。
Corporations seem to be improving slowly, as reflected in the sharp increase in the ratio of broad liquid assets to short-term debt.
正如广义流动资产与短期债务的比率出现大幅度上升所反映的那样，美国公司的资产负债表似乎正在缓慢地得到改善。
Corporations seem to be improving slowly, as reflected in the sharp increase in the ratio of broad liquid assets to short-term debt.
正如广义流动资产与短期债务的比率出现大幅度上升所反映的那样，美国公司的资产负债表似乎正在缓慢地得到改善。
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