That article asserted that currency boards cannot cope with external shocks; that they are vulnerable to surges in inflation triggered by capital inflows; and that with limited lender-of-last-resort capacities, they cannot deal effectively with financial emergencies.
However, to make the right decision, the medical management of a teaching hospital has to juggle different priorities, namely, constraints from the medical perspective (research and education), from the legal perspective (the obligated care region and last resort 1), capacity usage, and financial feasibility.
They want to walk away from the UK but they want to keep the currency, the Bank of England as the lender of last resort and [the capacity to build] warships on the Clyde".
What ought to bring to mind quietly swaying trees, serene beaches and isolation now just as often summons visions of overpriced, mediocre resorts, filled to capacity with swarms of "singles groups" vociferously demanding yet another round of Bahama Mamas.
While Sundance and Cannes can seem at once hermetic and frenzied — somewhat surreal media happenings in resort towns crammed beyond capacity — the Berlinale takes place in an art-saturated city that comfortably accommodates eclecticism and excess.
Even when the resort is at maximum capacity, the beach feels tranquil and private.
With the expansion of roads, bridges, water and electrical capacity the resort of Squaw Valley became the city of Squaw Valley.
By early 2001 Global was stoking its earnings by resorting to swaps of capacity with the same carrier.
The Snow Summit and Bear Mountain ski resorts are operating at capacity, said Clayton Schumacher, marketing director for Big Bear Mountain Resorts.
As travelers from the main markets of Europe and North America adjusted to the new realties of air travel after Sept. 11, business inched upward this past winter, with resorts reporting near-capacity crowds.
