Trading stocks when the markets are closed is often difficult and only offers limited liquidity, while some markets this may not even be an option.

在证券交易方面，当市场关闭时再做交易会非常困难，并且流动资金也受限制，而其他的一些交易市场甚至没有提供这样的选择权。

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In practice, dollar liquidity, limited Washington intervention, and the size and flexibility of US financial markets ensure that countries such as China stockpile dollars.

实际上，美元的流动性，华盛顿的有限干预以及美国金融市场的规模和灵活性都决定了像中国这样的国家会囤积美元。

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Mr Roubini believes that the room for sterilisation by Asian central Banks is severely limited and so rising reserves mean even greater excess liquidity.

Roubini先生相信亚洲各国央行所谓“清除不良影响”的手段和余地是相当有限的，外汇储备的每一点增长就意味着更加过剩的流动性。

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Although that value can only be realized by selling in a market where there is limited liquidity, he says the same applies to real estate, private equity and small companies.

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"Here was a highly intelligent and very successful businessman who knew how difficult it is to make 20% a year consistently running a privately held business with limited liquidity, " mused de Botton.

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The second group included Goldman Sachs, Societe Generale, Barclays, Credit Agricole, BNP Paribas, Credit Suisse, Deutsche Bank and UBS. Moody's said these firms had varying risk factors, from high dependence on capital markets operations to limited liquidity and exposure to Europe.

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