If a Tobin tax induced financial institutions to finance themselves with more longer term debt and less overnight repo, it could play a significant stabilizing role.

Individual derivatives and repo transactions are hardly nefarious.

Dampening the repo market could be economically useful, because this funding has proven to be unstable Bear Stearns and Lehman Brothers used repo heavily in ways that made them unable to withstand investment reversals elsewhere in their business.

But, with the cash coming from short term repos making up much of core financial firms balance sheets, tremors in financial markets could hit them hard, drying up repo financing for a few, as occurred in 2008.

Many of the largest, most precarious financial institutions now finance themselves via repo they buy a long term security (often government debt) and sell it, promising to buy it back the next day for a slightly higher price.

But the decision not to prohibit indirect purchases, opponents argue, may have been intended to allow the ECB to carry out weekly repo operations, following a practice used by the Banque de France to reduce fluctuations in short term interest rates.

True, someone has to come first. Other financial players take on more risk because derivatives and repo players bankruptcy exemptions put them first.

But little of importance has yet been done to prevent the damage that derivatives and repo bankruptcy priorities could cause in another financial system meltdown.

We should be examining how to make derivatives and repo investors assume the full risk of their decisions when dealing with systemically vital financial institutions.

But the derivatives and repo markets present risks that are poorly understood, difficult to communicate in the media, and hard for politicians to debate and resolve.

In the United States, AIG, Bear Stearns, and Lehman Brothers all with large derivatives and or repo investments failed, freezing up credit markets for a scary few weeks.

This is particularly true of the repo markets, which provide the equivalent services for professional investors banks and large corporations that ordinary bank deposits provide for individuals and small firms.

In financial markets, an unexpected collapse in real estate securities and design defects in the derivatives and repo markets combined to damage core financial institutions ability make good on their payment obligations.

Financial firms sell assets, like Treasury bonds or real estate securities, for cash, and promise to buy those assets back (i.e., to repurchase them or, for short, to do a repo ), typically the following day.

Short Term Talk, Long Term Cost

Less visibly, it has acquired many times the current volume in so called repo operations, through which the ECB provides euros to struggling banks in a temporary and reversible exchange for the government bonds on their balance sheets.

The Treasury bills would be assigned a zero risk rating by the authorities and treated as the highest quality collateral for repo operations at the ECB. The banking system has an urgent need for risk free liquid assets.

The term electronic address replaced the term information system .

The policy has short term and long term objectives.

The term peacebuilding is a developing term under international law.

For example, investors holding derivatives and repo contracts with a weakened financial institution can grab the firm s assets ahead of and at the expense of its regular creditors, possibly sealing its fate, when, with a little extra time, the firm might have survived.

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

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

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

Term savings accounts

Short term Recommendations

Medium term Recommendations

Long term Recommendations

Short term studies

Term of office

Term of office

Term of office

Term of office

Term loan financing

The terms of service will be term limited to a single three year term.

In an interview he comments If you take a term used quite frequently these days, the term genetic pollution, otherwise referred to as genetic contamination, it is a propaganda term, not a technical or scientific term.

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.

Governments will not sacrifice near and medium term economic growth for long term environmental benefits.

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

For a known term ?

for an appointed term ?

Till an appointed term ,

For a known term ?