The issue is not just illiquidity financial institutions with short term liabilities and longer term illiquid assets.

Similarly, banks have short term liabilities (deposits) and long term assets, which they cannot liquidate quickly without incurring great losses.

For example, the Spanish banking sector alone has short term liabilities of several hundred billion euros.

Banks have bought only short term assets, mainly with maturities of about three years (to match their liabilities with the ECB).

The assets to liabilities ratio was down from 2.4 at the end of 2003 to 2.1 at the end of 2004, with assets of 264 million and short term liabilities of 123 million.

The assets to liabilities ratio was down from 2.4 at the end of 2003 to 2.1 at the end of 2004, with assets of 264 million and short term liabilities of 123 million.

Countries with large current account deficits and or large fiscal deficits and with large short term foreign currency liabilities have been the most fragile.

(a) Nature and term of the liabilities

Another Fed governor, Jeremy Stein, has pointed out that foreign banks have dollar liabilities of roughly 8 trillion, much of it short term wholesale funding.

The authors conclude that, by reducing the share of short term foreign currency debt in a country s total liabilities, capital controls can reduce vulnerability to financial crises.

Short Term Talk, Long Term Cost

Short term Recommendations

Short term studies

But the EFSF s founders did not take into account banks enormous short term liabilities, which in a crisis effectively become government debt, as Ireland has been the most recent to demonstrate.

Short term (2005 2006)

The policy has short term and long term objectives.

Short term indicators for services

Let me conclude by saying that terrorist financing is not a short term policy with short term goals.

Short term considerations will not suffice.

First, governments must balance long term goals with short term achievements.

Official resources currently are sufficient to bail out Greece, Ireland, and Portugal, but not to prevent a self fulfilling run on the short term sovereign and financial liabilities of Spain and other potentially distressed eurozone members.

This will not be a short term crisis, so we cannot think only in the short term in formulating our response.

Today s short term crisis does not materially alter their long term prospects.

In short, policies are becoming more unconventional, not less, with little clarity about short term effects, unintended consequences, and long term impacts.

Moreover, there may be a financial panic large financial institutions with short term liabilities and long term assets will have a difficult time weathering a large rise in long term dollar denominated interest rates. This mismatch can cause financial stress and bankruptcy just as easily as banks local currency assets and dollar liabilities caused stress and bankruptcy in the Mexican and East Asian crises of the 1990 s and in the Argentinean crisis of this decade.

This approach too often sacrifices long term essential objectives to short term concerns.

Are Stock Markets Really Becoming More Short Term?

Thus, while there are short term memory components to working memory models, the concept of short term memory is distinct from these more hypothetical concepts.

In short, the Kyoto agreement meant lots of short term pain for little long run gain.

He said no to many short term marital relationships.

In fact, America s short term advantages pose the biggest obstacle to its long term outlook.

A successful long term strategy cannot be seen as a succession of short term fixes.

This raises long term well being all around, but exacerbates short term inequalities and frictions.

The typical bank is capitalized with equity, long term debt, short term debt, and deposits.

To achieve sustained growth, a balance between short term and long term objectives must be struck.

This could generate financial strains over the medium term and protectionist pressures in the short term.

Shortsighted politicians like Bush often skimp on long term investments in favor of short term advantage.

Second, both countries must find the right metric to balance short term and long term interests.

Standards implementation remains the road map for the short term but also for the long term.

In other words, they assume that after the initial study determining the short term sigma level, the long term Cpk value will turn out to be 0.5 less than the short term Cpk value.

Reform without money on the table does not work, as nervous and trigger happy investors would rather pull their money out if the country lacks the foreign currency reserves needed to prevent the equivalent of a bank run on its short term liabilities.

It is therefore dangerous to extrapolate from short term trends.

In the short term, time may be on Russia s side.

That simply will not work, even in the short term.

He has cut short term interest rates to the bone.