Argentina's strong performance was in part the consequence of a capital structure and foreign-exchange regime that magnified the impact of external liquidity conditions.

阿根廷过去良好的表现部分源于其资本结构和外汇制度，这两者扩大了外部流动资金环境的影响力度。

youdao

It looks like that the excess capacity is the external environment of Banks and the excess liquidity is the result of internal management of Banks.

表面上看，工业产能过剩是商业银行面对的外部经营环境，而流动性过剩是商业银行内部的经营表现。

youdao

This excess liquidity will have a certain potential hazards to the macroeconomic operation. It requires the integration of internal and external means for the comprehensive management.

这种流动性过剩，将对宏观经济运行造成一定的潜在危害，需要内外结合、多种手段进行综合治理。

youdao

And a consistent global preference for the U.S. dollar over all other currencies gives the country unique external liquidity.

WHITEHOUSE: Press Briefing

In these circumstances, propping up banks is also helping to prop up countries, because the ECB is directly or indirectly providing external liquidity to national financial institutions that the markets are no longer willing to provide.

BBC: Draghi's message for artful euro-dodgers

However, most global trade, Asia's external debt, foreign-exchange liquidity and financial assets are still denominated in dollars.

ECONOMIST: The dollar's dive