首页
登录
职称英语
Conventional wisdom says that it is better to be a large company than a sma
Conventional wisdom says that it is better to be a large company than a sma
游客
2024-06-01
23
管理
问题
Conventional wisdom says that it is better to be a large company than a small one when credit is tight. Bigger firms have more room for maneuver(机动):They have access to more types of funding, they have more fat to cut, and they have greater bargaining power with lenders. Even so, life is getting ever more uncomfortable for the bigger beasts of the corporate jungle.
According to the Federal Reserve’s most recent lending survey, American banks are tightening terms more aggressively for bigger firms than for smaller ones. Lenders are more cautious than they
have been at least since 1990. The story among European banks is similar. Lenders in emerging markets can be more suspicious of multinational firms than they are of locals. "We just don’t know what they’ve got on their balance-sheets back home," says one bank boss in Africa.
Violent movements in exchange rates are causing additional headaches, says Andrew Balfour of Slaughter & May, a law firm. Calculations of financial ratios can be thrown out by wild currency movements, potentially triggering breaches of loan agreements. Companies with sterling-denominated credit lines may find that their facilities are not big enough as a result of the pound’s recent sharp fall, for instance.
It is not panic stations yet. Most firms can survive for a while with the credit tap turned off. Analysis by Moody’s, a rating agency, shows that the vast majority of highly rated companies in America and Europe have enough headroom, in the form of cash and undrawn bank facilities, to be able to survive for 12 months without needing new financing. European corporate-debt markets have seen a rare flurry(惊慌) of issues in the past few days by opportunistic, highly rated firms.
Governments are also working hard to prop up credit markets. The Fed’s program to buy commercial paper, a form of short-term company debt, had acquired almost $300 billion by November 26th. Banks on both sides of the Atlantic are issuing lots of government-backed bonds, which should encourage lending. [br] What kind of measures is being taken by banks along Atlantic?
选项
答案
Issuing lots of government-backed bonds.
解析
由定位句可知,大西洋两岸的银行都在发行大量的政府支持债券来鼓励贷款,因此本题答案是Issuing lots of government-backed bonds。
转载请注明原文地址:https://tihaiku.com/zcyy/3614307.html
相关试题推荐
Conventionalwisdomsaysthatitisbettertobealargecompanythanasma
Conventionalwisdomsaysthatitisbettertobealargecompanythanasma
Thebetteryouunderstandyourself,____________(就越容易充分发挥自己的潜力).theeasieritb
Igetalongbetterwithothers__________(既然我已消除了内疚).nowthatI’vegotridofmy
Awordprocessorisbetterthanatypewriterinthat______(它使文本的编辑变得更容易).iten
Googlemustbethemostambitiouscompanyintheworld.Itsstatedgoal,"to
Googlemustbethemostambitiouscompanyintheworld.Itsstatedgoal,"to
Onlymembersofthecompany______________________________(享用使用这设施的权利).areentit
[originaltext]W:IknowyourcompanywasoneofthebiggestAmericancorporatio
[originaltext]W:IknowyourcompanywasoneofthebiggestAmericancorporatio
随机试题
Hereissomeadviceonfoodshopping.The【1】familyspendsaboutone-sixthof
Whensheheardthebadnews,she______completely.A、brokeawayB、brokeupC、broke
HospitalityAnAmericanfriendhas【T1】______youtovisithisfamily.But
Parents’Homework:FindPerfectTeachersforKidsA)TomiHalldi
A. B. C. D.以上三个因素都有
防止煤尘爆炸措施有()。A.撒布岩粉法 B.机械作业 C.除静电设施 D
关节疼痛,遇寒加重是A.风痹 B.行痹 C.热痹 D.湿痹 E.寒痹
患者,女性,30岁。发现血压高3年,发热伴咽喉痛3天,肉眼血尿1天。体检:血压2
关于医疗机构处方调剂和审核的说法错误的是A.药师调剂处方时,必须做到“四查十对”
关于工程项目质量控制体系的性质表述中,错误的是()。A.建设工程项目质量控制体
最新回复
(
0
)