IMF对此问题的认识,从它对其新保险工具FCL的精心设计上可见一斑,FCL取代了IMF去年十月引入的短期流动性便利工具。
The IMF’s awareness of this problem is clear from the careful design of its new insurance instrument, the FCL, which replaced the Short-Term Liquidity Facility introduced by the fund last October.
杜克大学商学院经济学家格雷厄姆(John Graham)说,我们刚刚走出了流动性紧缩时期,流动性紧缩让他们认识到了手中现金的重要性。
'we just went through this liquidity crunch that's made them realize the value of a dollar in hand,' said John Graham, an economist at the Duke Fuqua School of Business.
对投资者来说,重要的是要认识到引起银行承兑的交易与信用度和票据的流动性几乎毫无关系。
For investors, it is very important to realize that the underlying transaction that gives rise to a BA is almost completely irrelevant to the credit quality or the liquidity of the instrument.
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