The latter two are difficult to liquidate.

He also helped to build several experimental liquid air plants in Europe.

In the interwar Great Depression, the economist Irving Fisher accurately described the process of debt deflation, in which lenders, worried by the deterioration of their asset quality, called in their loans, pushing borrowers to liquidate assets.

A government cannot liquidate its deficit if the source of its revenues, the national income, is diminishing.

The Bahrain National Gas Company operates a gas liquefaction plant that utilizes gas piped directly from Bahrain's oilfields.

The only institution that can crank up the printing press the European Central Bank will never resort to monetization of fiscal deficits.

But gas is expensive to transport, for it depends on costly pipelines or gas liquefaction facilities that cannot be replaced quickly when flows are interrupted.

Banks are highly leveraged institutions with relatively small capital bases, so even a relatively small decline in the prices of assets that they or their borrowers hold can leave them unable to pay off depositors, no matter how long the liquidation process.

Andrew Mellon, the United States Treasury Secretary at the time, talked about liquidating workers, farmers, stocks, and real estate in order to purge the rottenness out of the system.

This monetization of the fiscal deficit has put enormous pressure on central bank reserves, mitigated only slightly with the issuance of new Eurobonds over the past 2 years.

Finally, in the face of political opposition to fiscal consolidation, especially in the US, there is a risk that the path of least resistance becomes continued monetization of fiscal deficits.

Another interpretation is that people are saving a great deal, and that all this money is chasing investment assets, bidding up prices.

If they take their fiscal deficits (and a potential monetization of these deficits) seriously and raise taxes, reduce spending, and mop up excess liquidity, they could undermine the already weak recovery.

By offering to lend freely against collateral, they liquify assets and prevent banks from being forced to unload loans or securities at fire sale prices.

But if they maintain large budget deficits and continue to monetize them, at some point after the current deflationary forces become more subdued bond markets will revolt.

To ward off an offensive by German (and other) monetary hawks, who maintain that the ECB has opened the door to debt monetization, the Bank is bound to err on the side of orthodoxy in the coming months.

Such a debt conversion program would offer five benefits. For starters, unlike the ECB s current quantitative easing, it would involve no debt monetization.

Takeoff is the opposite of landing.

Well, there are many answers, but one answer surely is, we see a lot of winners. Right? When this couple wins the lottery, or Ed McMahon shows up at your door with this giant check how the hell do you cash things that size, I don't know.

If a large proportion of a country s assets cannot be liquidated easily, or would be greatly depreciated by a large scale sell off, the fact that assets exceed liabilities would not rule out the possibility of debt default.

(d) Backstopping 50 project evaluations (25 per year)

Regulators, by contrast, cannot ignore these imbalances, because if too many participants are on the same side, positions cannot be liquidated without causing a discontinuity or, worse, financial collapse.

Operation Clambake.

Pages 3 5 were prepared for offset.

The IDR process is resource intensive.

The present peace process in Haiti is the third in a period of 15 years.

Implementation of this recommendation is ongoing since vacancies and the filling thereof are recurring events.

Operation Serval () was a French military operation in Mali.

A Korean Helsinki Process?

Ongoing copying process

Ongoing blanking process

Ongoing burning process

Package operation failed

The process was brutal.

Consolidated Appeals Process (CAP)

Consultative process

Audit process

Reform process

C. The reconstruction process

Political transition

It is an ongoing process.

Review process

Review process

(a) The Montreal Process

Peace is a process.