In reality, continued rises are eminently reasonable: abstract notions of tightened liquidity are just not as effective as real hits to personal finances.

实际上，房价持续上涨非常合理：收紧流动性这种抽象概念，怎么也不如个人财务状况受到切实冲击来得管用。

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To enhance secondary market liquidity, the HKMA has put in place an effective market-making system for Exchange Fund Bills and Notes.

为增加外汇基金票据及债券在第二市场的流动性，金管局已制定有效的市场庄家制。

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Hong Kong's financial markets are characterised by a high degree of liquidity. They operate under effective and transparent regulations, which meet international standards.

本港金融市场的特色是资金流动性高，并且是根据有效、具透明度及符合国际标准的规例运作。

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Institutional investors are applying their acquired knowledge from that period to their search for effective liquidity solutions.

FORBES: Creeping In On The Mutual Fund In 401K Investments - The ETF

In mid-August the Fed supplied enough liquidity to hold the effective federal funds rate, an overnight interbank rate, below its then target of 5.25%.

ECONOMIST: Central banks have played a starring role

In the long term, central banks' willingness to broaden liquidity support during crises may induce banks to behave more riskily (a temptation that will need to be countered with more effective rules on banks' own liquidity).

ECONOMIST: Credit crunch