Another 40% on the liability side of the ledger was disastrous for them.

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On the liability side of the balance sheet, to balance that, we create reserves in the banking system.

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With its job to reallocate resources, rather than create them, the state is firmly on the liability side.

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The difference is that the 1979 move targeted money and, by implication, bank reserves, on the liability side of the Fed's balance sheet.

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On the liability side, the critical component is senior liabilities.

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Raymond Greaves, an analyst with Merrill Lynch, has calculated that, in March, there were around euro4 billion of net prepayments on the liability side of Alstom's balance sheet for which he cannot clearly identify liquid assets.

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That is, the problem is deemed to be giving banks too much discretion on the asset side of the balance sheet, when the liability side is insured.

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His company's building managers are keen on limiting liability associated with workers "hanging out of the side of the building, " he said.

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On the creative side of wealth management, you can also form business entities such as a family limited liability company or limited partnership to house assets.

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My baseline is that net household wealth will be on tear over the next few years as the asset side of the ledger pays-in increasing real dividends and the liability side of the ledger pays-out near negative real interest rates.

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