Except for a period in the early 1960s, when Robert Triffin explored what became known as the Triffin Dilemma, in which foreign hoarding of U.S. dollars was linked to persistent U.S. trade deficits, the relationship between the capital and current accounts seems since then to have mystified most economists, including those specializing in trade, even as U.S. trade deficits and foreign capital inflows soared, and as the growth
in international capital flows, once consisting largely of trade finance, exploded relative to trade flows and relegated trade finance to minor importance.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected
in such forward - looking statements and that should be considered
in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases
in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest
in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions
in the industries and markets
in which we operate
in the U.S. and globally and any changes therein, including fluctuations
in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain
in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or
international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both
in the U.S. and abroad; 20) the effect of changes
in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction
in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash
flows and our credit facility may not be adequate for our additional
capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco
in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations
in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
What today we call economic globalization — a combination of rapid technological progress, large - scale
capital flows, and burgeoning
international trade — has happened many times before
in the last 200 years.
Attempts to export its excess savings can only lead to one of three outcomes: A) global growth rises because Europe's savings are all directed at developing countries with significant infrastructure investment needs and insufficient
capital, B) global growth drops sharply, global unemployment rises, and China's adjustment becomes all but impossible, C)
international trade and
capital flows collapse
in a repeat of the 1930s, so that Europe is forced to resolve its savings imbalance either by a massive increase
in unemployment or a wave of sovereign defaults.
Long - term Treasury
international capital (TIC)
flows into the US were at four - month highs
in September, with close to $ 81 billion
in investments
in long - term US government and corporate securities.
Capital Flows and
International Policy Harmonization, edited by H. Edward English, comprising two studies
in the Canada
in the Atlantic Economy series: No. 9, Fiscal Harmonization under Freer Trade: Principles and Their Applications to a Canada-U.S. Free Trade Area, by Hirofumi Shibata (1969); and No. 10, Canadian Economic Policy and the Impact of
International Capital Flows, by Richard E. Caves and Grant L. Reuber (1969).
FRA: Given the potential
in Europe for being the epicentre of perhaps the next financial crisis as Peter Boockvar mentions, could we see
international capital flows come from Europe and elsewhere to the U.S. markets especially as you mentioned there could be pressure on the long end of the yield curve with the movement into equities.
Asia has learned much from its mistakes
in the 1990s —
in particular, the dangers of fixed exchange rates and over-reliance on
international capital flows
The Dollar plays a huge role throughout the global economy
in terms of
international trade and
capital flows between countries.
Given Africa's role
in the global economy
in the last few centuries, debates about a different way of engaging with
international capital flows are of great significance to the continent's future.
«Even if the U.S. takes a hit, there are other markets
in the world that have different dynamics, and
capital flows are
international,» he said.
In truth, America was caught up in a global crisis which had its origins in acute financial weakness in Latin America and Central Europe — the emerging markets of their day — a poorly designed international monetary system, unruly capital flows, plunging commodities prices and problems in the European banking syste
In truth, America was caught up
in a global crisis which had its origins in acute financial weakness in Latin America and Central Europe — the emerging markets of their day — a poorly designed international monetary system, unruly capital flows, plunging commodities prices and problems in the European banking syste
in a global crisis which had its origins
in acute financial weakness in Latin America and Central Europe — the emerging markets of their day — a poorly designed international monetary system, unruly capital flows, plunging commodities prices and problems in the European banking syste
in acute financial weakness
in Latin America and Central Europe — the emerging markets of their day — a poorly designed international monetary system, unruly capital flows, plunging commodities prices and problems in the European banking syste
in Latin America and Central Europe — the emerging markets of their day — a poorly designed
international monetary system, unruly
capital flows, plunging commodities prices and problems
in the European banking syste
in the European banking system.
Derived from the latin word meaning «
flowing», it was a loose - knit
international association of contemporary artists founded by the Lithuanian - born American art theorist George Maciunas (1931 - 78), which emerged initially
in Germany before spreading rapidly to other European
capitals and then New York, which became the centre of its activities.
If there is any lesson learned from the Asian financial crisis, it is that regulatory safeguards must be
in place before large - scale
international capital flows begin.
In an earlier phase of
international investment, when
capital flowed primarily from developed to developing nations, only the latter had to worry about constraints on their sovereignty.
With this market cycle winding down, researchers at real estate services firm Colliers
International expect transaction volume to continue to trend down through the rest of the year, with moderate appreciation
in values, according a 2017
Capital Flows Midyear Update.
Furthermore, the continent has seen an increase
in global
capital flows into African real estate as well as a number of large
international retailers and developers making their mark by entering the continent with ambitious plans.
«Unless we see some external force come
in and interrupt the
flow, 2015 is going to come
in and crush 2014,» says Brian Ward, president,
capital markets and investment services for the Americas at Colliers
International in New York City.
It's called
capital flows, as
international sources of money are increasingly being invested
in U.S. real estate.