所有这些变化的首要影响是使扩张资产负债表的成本变得更加高昂。
The primary effect of all these changes will be to make it more expensive to expand the balance-sheet.
如此一来，对退休金债务的估值随之不断变化，使得公司资产负债表变动频频，这也促使财务董事试图降低风险。
The requirement to value pension liabilities in this way has made corporate balance-sheets more volatile, and encouraged finance directors to try to reduce their risk.
因为利率没有变化，美元供应也在持续增加，美联储的资产负债表就是证据。
Well, there has been no change in interest rates, and the supply of dollars continues to grow, as evidenced by the Federal Reserve's balance sheet.
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