课程咨询

雅思备考规划

扫码添加助教免费咨询雅思备考规划

扫码关注回复雅思获取最新雅思口语题库和备考资料

雅思阅读备考素材:Banks Exposures

2018-02-20 10:39:00来源:网络 柯林斯词典

  以下是新东方在线雅思网给大家分享的雅思阅读备考素材:Banks Exposures。希望对大家的雅思备考有所帮助,更多雅思备考资料欢迎大家随时关注新东方在线雅思网。

  Unlike in 2008, banks' exposures are there for all to see

  THERE are worrying similarities between 2008 and today as indicators point to another interbank lending freeze. But there also some important differences: credit bubbles are deflated, housing prices adjusted, private debt reduced and, last but not least, banks have started to deleverage their balance sheets, mainly by strengthening their capital and reserves; even in Europe, banks have increased their capital by more than 20% on average since Lehman.

  However, the decisive difference is with regard to the distribution and probability of expected losses, resulting in 2008 mainly from housing loans but today from government debt.

  In 2008, losses resulting from the subprime and securitisation debacle were a done deal; there was (and still is) no quick remedy to revive the housing market. But what was unclear was the exposure of each bank to these toxic assets, especially as exposure came not in plain vanilla but in wrapped and structured style. Governments’ task was to make sure that banks could withstand the losses that were bound to hit the banks. Not knowing which banks were most exposed, they offered a wide range of public support to all of them.

  Today, the exposure of each bank to government debt is there for all to see, thanks to the last round of the European banking stress tests. But writedowns on these assets are far from clear (except in the case of Greek bonds); it depends entirely on the actions of policymakers. It is in their hands to avoid default.

  A "prepare for the worst approach", i.e. a preventive recapitalisation of all banks as in 2008, therefore seems less convincing. For two reasons: firstly, it is rather bizarre that governments should use public money to recapitalise banks, forcing them to build a capital buffer against public default—an event that only becomes more likely if governments have to channel so much money into banks to protect them against it. Sounds rather absurd.

本文关键字: 雅思阅读

为你特别匹配的雅思超值课程,祝你和雅思分手!
  • 新东方5月雅思公开讲座

    新东方雅思5月公开讲座

    新东方教师直播教你全科技巧!

    每天1小时

    查看详情
  • 雅思机考实战

    雅思机考实战

    剑桥雅思正版题目机考实战!

    每天1小时

    查看详情
  • 【知心雅思】6分录播课 (A类)

    【知心雅思】6分录播课 (A类)

    适合人群:想要冲6分的考生

    课时:434

    查看详情
  • 【知心雅思】6.5分录播课 (A类)

    【知心雅思】6.5分录播课 (A类)

    适合人群:想要冲6.5分的考生

    课时:464

    查看详情
  • 【知心雅思】7分录播课 (A类)

    【知心雅思】7分录播课 (A类)

    适合人群:想要冲7分的考生

    课时:443

    查看详情
雅思备考资料包

扫码添加助教

免费获取雅思备考资料包

更多资料
更多>>
  • 雅思备考英文书推荐汇总

    很多考鸭在备考过程中会想去寻找一些原文资料,想要轻松有效地提升自己的雅思水平,这是非常不错的做法! 本文主要为大家介绍实用的英文书籍,希望对大家的雅思备考有所帮助。

    来源 : 网络综合整理 2023-12-06 22:26:00 关键字 : 雅思备考 英文书 英文原籍

  • 雅思备考英文书推荐(六)

    很多考鸭在备考过程中会想去寻找一些原文资料,想要轻松有效地提升自己的雅思水平,这是非常不错的做法! 本文主要为大家介绍实用的英文书籍,希望对大家的雅思备考有所帮助。

    来源 : 网络综合整理 2023-12-06 22:23:00 关键字 : 雅思备考 英文书 英文原籍

  • 雅思备考英文书推荐(五)

    很多考鸭在备考过程中会想去寻找一些原文资料,想要轻松有效地提升自己的雅思水平,这是非常不错的做法! 本文主要为大家介绍实用的英文书籍,希望对大家的雅思备考有所帮助。

    来源 : 网络综合整理 2023-12-06 22:06:00 关键字 : 雅思备考 英文书 英文原籍

  • 雅思备考英文书推荐(四)

    很多考鸭在备考过程中会想去寻找一些原文资料,想要轻松有效地提升自己的雅思水平,这是非常不错的做法! 本文主要为大家介绍实用的英文书籍,希望对大家的雅思备考有所帮助。

    来源 : 网络综合整理 2023-12-06 21:36:00 关键字 : 雅思备考 英文书 英文原籍

  • 雅思备考英文书推荐(三)

    很多考鸭在备考过程中会想去寻找一些原文资料,想要轻松有效地提升自己的雅思水平,这是非常不错的做法! 本文主要为大家介绍实用的英文书籍,希望对大家的雅思备考有所帮助。

    来源 : 网络综合整理 2023-12-06 21:27:00 关键字 : 雅思备考 英文书 英文原籍

更多内容

移动学习

二维码

2024年1月-4月雅思口语题库

扫码添加助教号 回复【新题】 即可领取
更多>>
更多公开讲座>>

2024年雅思考试重点题

微信添加助教 回复【考试重点题】

助教微信
更多>>
更多资料