或者，换一种方式，它们以活期形式借贷资金并投资收益低流动性资产。

Or, to put it another way, they have borrowed in liquid form and invested the proceeds in illiquid assets.

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而这些银行的存款资金意味着他们的流动性风险低，他们竭力发现基于巴塞尔协议定义的适合缓解流动性所持有的本地资产。

While these Banks' deposit funding means their liquidity risk is low, they may struggle to find local assets suitable to hold in their liquidity buffer based on Basel definitions.

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邓肯说，由于流动性收紧，资产价格将进一步承压，股票和大宗商品的价格会进一步下跌，并最终拉低债券价格。

Asset prices will come under further pressure, with equity and commodities poised for more declines, eventually taking bond prices down too, as liquidity conditions tighten, he said.

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