meanwhile, the availability of liquidity support to solvent institutions depends not on the reserves available but on the credit rating of the provider of such support – whether another bank, a government or a central bank.

the task of building a firewall around the solvent core, including spain and italy, has to be shared between the countries at risk and the euro zone as a whole.

在西班牙和意大利这些有偿付能力的国家周围建立一个防火墙的任务必须由面临风险德国家和整个欧元区共同分担。

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the idea made sense: by establishing a market price for these dubious assets, the auction would have improved transparency and helped solvent banks to prove that they really were solvent.

这个想法是合理的：通过为这些问题资产确定市场价格，拍卖会将改善透明度，帮助有偿付能力的银行证明它们确实具备偿付能力。

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fortunately, banks with the smallest amount of equity relative to actual assets are located in relatively solvent countries, such as the netherlands, france and germany.

幸运的是，股本与实际资产之比最低的银行都在相对有偿付能力的国家，比如荷兰、法国和德国。

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analysts say debt-laden governments like italy face a delicate balance; convincing the markets they are solvent while also trying to invest to grow their economies.

分析人士说，意大利等债务缠身的政府面临微妙的平衡，一方面要让市场相信他们有偿付能力，另一方面也要设法投资以促进经济增长。

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we should consider the information asymmetry between the public and private sectors, between solvent and insolvent banks and between government regulators and the banking industry.

我们应该考虑公共和私营部门之间、有偿付能力和没有偿付能力银行之间以及政府调控部门和银行业之间的信息不对称问题。

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policymakers must show that they know how to use them and ensure that no solvent institution fails because it cannot borrow dollars.

决策者必须表明，他们知道如何利用外汇储备，并确保任何一家有偿付能力的机构都不会因为不能借入美元而破产。

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investors now know that the state is solvent, and to distinguish between the emirate and its institutions.

投资者现在知道，迪拜酋长国是有偿付能力的，而且也会对酋长国及其企业区别对待。

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financially, you need to know you are at last on the road to solvency and stability.

财务上你得知道，你终于就要稳定下来，就要有偿付能力了。

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the shareholders will procure that the directors first make a declaration of solvency ( if applicable).

股东将促使董事首先作出有偿付能力的声明书（如适用的话）。

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in theory the central bank should only buy the bonds of illiquid but solvent governments.

理论上，欧洲央行只应买进欠缺流动性、但有偿付能力的政府的债券。

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despite the recession we are still solvent.

尽管不景气，我们依然有偿付能力。

provided by jukuu

he also announced that china will cancel the debt of some african countries' interest-free government loans that are due to mature by the end of this year.

将率先惠及非洲国家。他还宣布，中方将免除有关非洲国家截至2020年底到期对华无息贷款债务。

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one ratio would compare a bank's assets to its stable sources of funding, such as deposits or longer-term unsecured debt. this would help regulators determine whether a bank is too dependent on short-term borrowings.

其中一项比率是比较银行资产与稳定资金来源（如存款或较长期无担保债务），这将有助于监管机构确定一家银行是否过度依赖短期借款。

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to prevent the collapse of one bank from destabilising the broader financial system, the imf staff note argues that regulators may want to limit the amount of unsecured bank debt other financial institutions can hold.

该报告指出，为避免一家银行的倒闭破坏整个金融系统的稳定，监管者或许希望对其他金融机构持有一家银行的无担保债务的规模作出限制。

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officially, the debt is defined to include all interest-bearing obligations of the federal government, along with certain noninterest obligations that are of minor importance.

国债的正式定义是，联邦政府的所有须支付利息的债务，及某些小量的无息债务。

provided by jukuu

as for banks, governments' determination that unsecured debt to senior bondholders should be honoured in full remains as strong as ever.

至于银行，各国政府对于清偿优先级债券持有人的无担保债务的决心仍然坚定。

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fifteen investors bought the one-year short-term unsecured debt, which paid 8.15 per cent.

15家投资者买下了这些为期一年的短期无担保债务，其利率为8.15%。

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consider a simple company growing sales at 3 per cent, making free cash flow of$ 4m with an equity risk premium of 5 per cent, a beta of 1, and no debt.

想象这样一家简单的公司：其销售额增长为3%，自由现金流为400万美元，股票风险溢价为5%，贝塔系数为1，而且无债务。

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for government, the greatest magnetism of bot lies in its no involvement in funding plan and preparation of project. fund will be introduced for project construction but government will not be responsible for the debt.

BOT方式对政府而言，最大的吸引力就是这种方式不需要政府负责项目的资金计划和准备，引进资金用于项目建设而政府却无债务负担。

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moreover, in the past, countries that expanded public sector debt in the immediate aftermath of a crisis were subsequently able to generate debt-free growth via exports.

此外，在过去，在危机过后紧接着扩大公共部门债务的国家，随后能够通过出口产生无债务的经济增长。

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