流动性

Massive liquidity injections by theFederal Reserve and other central banks have done little to unclog thepipes.

美联储及其它央行的大规模流动性资金注入并未使市场流动性不足的情况改善多少。

First, market liquidity risk in our paper is that the unpredicted deviation from the expected level of liquidity.

首先，本文对股票的市场流动性风险的定义是流动性水平偏离其预期水平的不可预测的变化。

Demand for liquidity is unpredictable and, for banks, holding liquid assets means forgoing more profitable investments.

流动性需求是不可预测的，而对银行来说，持有流动性资产意味着放弃收益更大的投资机会。

Shanghai Head Office and all branches and sub-branches of the People's Bank of China shall promptly learn and fully comprehend the liquidity situations and recent trend of changes in respect of the legal person deposit financial institutions within your respective jurisdictions, shall, as required, timely adjust and reasonably arrange the re-loan and rediscount quotas, and shall settle the temporary liquidity shortage on the part of the individual financial institutions by properly arranging for re-loans or rediscounts according to the specific situations.

中国人民银行上海总部、各分支行要迅速了解和全面掌握辖内存款类法人金融机构流动性状况及近期变动趋势，根据需要及时调整合理摆布再贷款、再贴现限额，对个别金融机构暂时性流动性短缺，可根据其实际情况适时安排再贷款或再贴现予以解决。

The three kinds of blending materials(i.e.fly ash,ground water-granulated blast furnace slag and zeolite)on the actions of superplasticizer to cement are investigated by testing the fluidity and fluidity loss of cement pastes added with superplasticizer.

通过对掺高效减水剂水泥净浆流动性及流动性损失的测定试验，研究了3种混合材(粉煤灰、水淬高炉矿渣和沸石)在不同替代率情况下对减水剂作用效果的影响。

A floating crap game.

流动性会议；流动性掷双骰子游戏

Basing on the results of examining the impact on price, liquidity and volatility of underlying stocks after warrant issuance, the paper concludes that:(1) the issuances of warrant has the temporary positive effects on the underlying stocks" price and the positive effects happen on the introduction day but not on the listing day.(2) The issuance of the warrants causes the underlying stocks" trading volume and amount increases and heighten their liquidity.(3) The issuance of the warrants has no impact on the system risk-β, but decreases the total risk and volatility of underlying stocks.

本文最后通过综合认购权证和认股权证发行前后标的股票价格，流动性和波动性的变化结果后，认为：(1)认股权证的发行对标的股票的价格有短暂地正的价格效应，而这种对标的股票正的价格效应发生在认股权证公告日而非上市日；(2)认股权证的发行促使标的股票的交易量和交易额的增加，提高了标的股票的流动性；(3)认股权证的发行对标的股票的系统风险即β值没有影响，但能降低标的股票的整体风险，减小标的股票的波动性。

In its open-market operations, the Bank should act as market maker of last resort, by standing ready to purchase, at a properly conservative/punitive price,normally liquid assets that have become illiquid through a systemic flight to quality and liquidity caused by fear, panic and other contagion effects.

在其公开市场业务，银行应作为做市商，最后手段，以随时准备购买，在一个适当的保守/惩罚性价格，通常流动资产，已成为一个系统性的流动性飞行，以质量和流动性所造成的恐惧，恐慌和其他的传染效应。

Rather, it's the corrupting effects of excess liquidity which, as Mr Tasker observes, is "the fuel that enables manias to blaze strong and longer than anyone expects".

相反，真正值得关心的是流动性过剩带来的破坏性结果，正如塔斯克发现的那样，流动性过剩是&促使狂热情绪猛烈爆发而且持续得比任何人预计的都更持久的动力&。

Bian Xiaoning said that as China's bond market liquidity and the lack of bond funds at all times to face large redemption pressure, leading to numerous open-end bond funds can not invest in some of the higher rate of return but not mobility Good products can not be obvious from the continued market pricing errors and underestimation of the product to make a profit, will not be able to carry out long-term use of leverage to enlarge the operation in order to increase the income of the Fund.

卞小宁说，作为中国债券市场流动性和资金短缺的债券在任何时候都面临着巨大的赎回压力，导致众多开放式债券基金不能投资于回报率较高，但有些没有流动性好的产品，从市场价格的持续错误和产品不能低估明显赚取利润，将无法进行长期长期使用的杠杆作用，扩大经营，以增加基金的收入。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。