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EXTERNAL BALANCES A country's current-account balance is the sum of its balances on merchandise and service trade, net investment income and remittances from workers abroad.
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NTL, a British cable company that is based in New York, said it had hired Credit Suisse First Boston, J. P. Morgan Chase and Morgan Stanley to advise it on a restructuring of its balance sheet.
At present it retains 89% of its balance sheet cash outside America where corporation tax is high at 35%.
While Yanzhou doesn't get strong interest from my Graham-based model, it isn't because of its balance sheet.
If anything, "institutional credibility" is a cause of its balance-sheet problem not a potential casualty of it.
And it embarked on an unprecedented expansion of its balance sheet under the guise of quantitative easing.
With a hoard of $137 billion, it holds more than two-thirds of its balance-sheet as cash and liquid assets.
To tighten monetary policy, Fed officials will have to raise interest rates and start cutting the size of its balance sheet by selling the securities it has acquired.
If it has a target for the size of its balance sheet, or a target for the nation's money supply, it's keeping mum.
In order to experience the benefits of its balancing effects, you've got to put it to work.
Also, some of the accounting machinery it put in place to temporarily move assets off of its balance sheet (and make the bank look financially healthier) has backfired.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com