So what banks offer is liquidity -the ability to borrow short even though the loans that are made are long-term.
而银行就提供了流动性,即接受短期存款,但可以发放长期贷款的能力
They borrow the characters from what had been already something quite close to an alphabet and had only a relatively small number.
他们从十分接近字母系统的书写体系中,借来字符使用,而这些字符相对较少
The central bank posts an interest rate that is the rate at which these member banks can borrow.
中央银行设定一个利率,这个利率是这些会员银行可以借进的利率。
We, in fact, borrow oxygen or steal oxygen from the air free of charge.
我们事实上免费从空气中,借或者偷氧气。
The Federal Funds Rate is the rate that banks borrow and lend to each other overnight.
联邦资金利率是,一夜间银行之间借进与借出的比率。
When you buy a house, you borrow the money and you pay it back in fixed-- it would usually be monthly, but let's say annual payments.
当你买了一座房子,你贷了些款,然后你在一定的时间内偿还一部分,一般来说都是按月来算的,但是假设我们是按年支付的
Moreover they can also borrow from the Federal Reserve Banks when they're in trouble and need money and that's supposed to help prevent banking crises.
更多的是,当它们陷入困境,需要钱时可以,从联邦储备银行那里借钱,这样可以帮助阻止银行业危机的产生。
Each person who wants to borrow has to be met by somebody else who wants to lend, so the interest rate that we have in society is the compromise.
想借钱的人必须找到,愿意放贷的人,因此社会中的利率是各方协调的结果
Most of the people who want to borrow money from the banks -let's talk about businesses -we're accepting business loans -they don't want to have to pay the money tomorrow.
大多数想从银行贷款的人...,我指的是企业,我们向企业发放贷款,大多数贷款企业都不希望今天借明天还
The other thing is moral hazard -this is that companies, once they borrow money from anybody, a bank or anyone else, they have an obligation, which is fixed in dollar terms.
另一个问题是道德风险,意思是说,一旦公司借了钱,无论是从银行还是其他渠道,他们就背负了一种义务,金钱的义务
What that means is that you would borrow $5,000 to buy a house and in five years and every year along the way you'd be paying interest on your mortgage.
它的意思是,你借了5000美元去买一所房子,期限是五年,在这五年内,每年你要归还抵押贷款的利息
The adverse selection problem, when it comes to borrowers--people who are trying to borrow money -is that if you become a lender -let's say, if you -not talking about becoming a lender.
逆向选择的问题,对于借款方,即希望借到钱的人而言,假如你是贷款方,比方说,如果你...,还是换个说法吧
The Greeks borrow that with typical Greek innovation.
希腊人用他们典型的创新手段,借用了这些字符
A person has a budget constraint if the person can borrow and lend at the interest rate.
在某一利率下,人都有自己的预算限制
The moral hazard crept in because they said, hey we can borrow at a high rate.
业内悄然出现道德危机,因为他们说,我们可以提高存款利率
They'd borrow to buy them, so if the value of the subprime loans went down just a little bit the SIV would be in trouble.
结构投资公司还借钱购买次级债,所以只要次级债贬值一点点,他们就麻烦了
The member banks just as with the Bank of England when they're in trouble they are supposed to be able to borrow money from the central bank.
会员银行,就像英格兰银行的会员银行一样,当它们陷入困境时,它们可以向中央银行借入货币。
They wanted to eliminate the stigma it used to be embarrassing to borrow at the discount window because the discount rate would because it would be an admission that the bank is in trouble.
他们希望消除这种瑕疵,过去在贴现窗口借钱,常常被认为是尴尬的事,因为贴现率将,因为这将是处于困境的银行的,进入权。
You can call your broker and say, I'd like to short stock number one and what the broker will do is borrow the shares on your behalf and sell them and then you own negative shares.
你可以打电话给你的经纪人说,我要做空一号股票,经纪人就会在你的名下赊入这些股票,然后卖掉,这样你就拥有数量为负的股票了。
The Greeks are in touch with them again and they borrow styles, copy styles, maybe in the early day they used some of the craftsmen from out there or maybe their own craftsmen picked it up.
希腊人又一次与他们接触了,借鉴并复制了他们的风格,也许在早期他们雇佣一些那些地方的工匠,或者让他们自己的工匠学习
What Hicks said--this is the coffee hour conversation at The London School of Economics he said, it's right now 1925 but if you want to invest or borrow in 1926 I can do it for you.
希克斯在伦敦政经学院的那次,咖啡时间中谈到,现在是1925年,但如果你想在1926年投资或贷款,我可以帮你实现
I think they probably also invented a few things, but it was very,very characteristic of the Greeks to borrow from the cultures they encountered and to adapt them, to make them more useful for their own purposes and nothing could be clearer than the alphabet as an example of that.
我认为他们或许也发明过一些事物,但从他们所遇到的文明中进行借鉴,将之应用到自己的生活中去,并使它们更适于希腊人自己的目的,这样的方式也是非常希腊风格的,也没有什么,能比字母表这个例子更能清晰地说明这点了
According to Modigliani and Miller, if you add taxes to their debt irrelevance proposition, it means that companies will want to borrow a lot and the real advice they would be giving to Bill Gates is: what's the matter with you? Why aren't you borrowing money?
根据MM理论,如果在负债不相关理论中加入税负因素,就意味着公司愿意大量负债,他们会给比尔·盖茨一个建议,你脑子有问题吗,为什么不借钱
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