Sheets
in sentence
728 examples of Sheets in a sentence
The problem is that the elaborate credit systems that they have created to underwrite infrastructure or property development – so-called “local-government financing vehicles” – undermine more sustainable borrowing and lending, while weakening state-owned banks’ balance
sheets.
Indeed, an increasing number of firms have started to deploy the massive stocks of cash held on their balance sheets, first to increase dividends and buy back shares, and then to pursue mergers and acquisitions at a rate last seen in 2007.
Or will it accelerate as the housing sector rebounds, bank lending expands, household balance
sheets
improve, and state and local government budgets strengthen?
Households have cut their debt and rebuilt their balance sheets, but the large loss in household wealth, weak growth in wages and income, the concentration of most income gains at the top, and a decline in labor’s share of national income to record lows continue to constrain consumption.
But the country is relatively wealthy, especially in terms of property assets on household balance
sheets.
Since the financial crisis began in 2008, several developed countries, having sustained demand with excessive leverage and consumption, have had to repair both private and public balance sheets, which takes time – and has left them impaired in terms of growth and employment.
Given the scale of most investments, project finance – which is based on projected cash flows, rather than its sponsors’ balance
sheets
– will prove highly useful, as will effective risk-sharing mechanisms.
Bad loans worsened the balance
sheets
of the Asian banks.
The bank balance
sheets
are in miserable shape, since many bank loans have gone bad.
Over the past decade, the corporate-bond market has surged as banks have restructured and repaired their balance
sheets.
This rendered potentially insolvent commercial banks, whose balance
sheets
were loaded with such bonds, giving rise to Europe’s twin sovereign-debt and banking crisis.
But this approach establishes a self-limiting pattern, because balance
sheets
are damaged, demand falters, and expectations have to be adjusted downward.
That may have been plausible, but the two banks also wanted to demonstrate publicly that they had better balance
sheets
than their weaker rivals.
We must also address banks’ non-performing loans so that their balance
sheets
have room for new lending.
But, using some “out-of-court resolution” mechanisms devised by the RBI, and with capital support from the government, banks should have well-provisioned balance
sheets
by March 2017.
Of course, negative returns make their balance
sheets
shakier: a defined-benefit pension plan needs positive returns to break even, and when most of its assets yield a negative nominal return, such results become increasingly difficult to achieve.
Most importantly, too many government and household balance
sheets
remain out of equilibrium in an excessively asset-based global economy.
On the upside, the US could have a “Sputnik moment”: a sense of national unity, common purpose, and shared sacrifice leads to structural reforms that focus on re-aligning balance
sheets
over the medium term, enhancing job creation, and improving competitiveness.
Moreover, the way the war was funded left households with strong balance
sheets
and pent-up demand once peace returned.
Likewise, monetary authorities have been playing an increasingly active role, with the major central banks’ balance
sheets
having expanded from about $5.5 trillion in 2005 to $13.9 trillion earlier this year.
Rather, they were the gross flows of finance from the US to Europe that allowed European banks to leverage their balance sheets, and the large, matching flows of money from European banks into toxic US subprime-linked securities.
And the context was dire, with jobs lost and balance
sheets
shrinking.
So they used – and even stretched – their balance
sheets
for investment, while opening themselves up to international trade, thereby helping to restore demand.
Second, they cooperated with one another on multiple fronts, and the countries with the strongest balance
sheets
bolstered investment elsewhere, crowding in private investment.
Nonetheless, the ingredients of an effective strategy to spur economic growth and employment are similar: available balance
sheets
(sovereign and private) should be used to generate additional demand and boost public investment, even if it results in greater leverage.
Because the balance
sheets
(public, quasi-public, and private) with the capacity to invest are not uniformly distributed around the world, a determined global effort – which includes an important role for multilateral financial institutions – is needed to clear clogged intermediation channels.
If it goes the latter route, it must state the quantity and strength of steel that is needed, its chemical composition, the dimensions of the product (pipes or sheets, for example), and so forth; and it must submit a separate application for each type of steel, even if the only difference is in dimensions.
Monetary policy – in particular, the vast money-printing “quantitative easing” programs pursued by central banks in recent years – has run out of space, too, with price inflation ticking up and central-bank balance
sheets
a record size.
Otherwise they will end up in intensive care themselves as credit losses overwhelm their balance
sheets.
If central banks are faced with a massive hit to their balance sheets, it will not necessarily be the end of the world.
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