Sort of takes the cyclicality out of earnings and you can see over history how that multiple has varied.
一定程度上在收益上避免了周期性的，而且你可以看到随着历史的进程，这个倍数发生了多大的变化。
This paper analyses the pro-cyclicality of non-core liabilities and short-term liabilities of the banking and the connection between both liabilities and systemic risk.
本文分析了银行体系非核心债务和短期债务的顺周期性以及二者与系统性风险之间的关系。
A long-term graph of the Vix hints at cyclicality, with periods of great choppiness in the early and late 1990s book-ending an era of relative calm in the middle of the decade.
Vix的长期图像也暗示着周期性，1990s的早期和末期呈现大量的波浪，夹在中间的90年代中期却是一段相对平静的时期。
A long-term graph of the Vix hints at cyclicality, with periods of great choppiness in the early and late 1990s book-ending an era of relative calm in the middle of the decade.
Vix的长期图像也暗示着周期性，1990s的早期和末期呈现大量的波浪，夹在中间的90年代中期却是一段相对平静的时期。
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