cyclicality

This cyclicality could even be an advantage.

这种周期性还可能成为一种优势。

Whenever ticket sales take a tumble, Hollywood pulls the assertion of cyclicality out of its hip pocket: Just wait until next year-next year will be our best ever.

每当票房收入遇到挫折，好莱坞就会把循环论这一套拿出来说——明年会是我们最好的一年。

But noninterest income has higher volatility and cyclicality than net interest income, and the marginal benefit of diversification is reducing with the increase of noninterest income.

但是，由于非利息收入相比于净利息收入具有较高的波动性和明显的周期性，随着非利息收入比重的增加，这种分散化所带来的边际收益在逐步减少。

The need for surveillance of systemic risks and the need for macro-prudential tools to reduce cyclicality are now broadly recognized.

也广泛意识到了系统风险监管的需求，宏观审视工具以减少循环的需求。

After all, pro-cyclicality can stem not only from regulatory policies but also from macro-economic policies, where it is equally undesirable.

毕竟，顺周期性的来源可能不仅仅是监管政策，可能还有同样不受欢迎的宏观经济政策。

Sort of takes the cyclicality out of earnings and you can see over history how that multiple has varied.

一定程度上在收益上避免了周期性的，而且你可以看到随着历史的进程，这个倍数发生了多大的变化。

Coal companies were caught flat-footed after ramping up production last year with the expectation that steep prices would cover their rising costs, despite coal's past cyclicality.

去年煤炭企业不顾以往本行业的周期性特征，仍指望价格的大幅上涨盖过成本的上升，所以扩大生产。

These include: mitigating against pro-cyclicality in regulatory policy; reviewing global accounting standards; strengthening derivatives markets; reviewing compensation practices in financial institutions; and reviewing the mandates, governance and resource requirements of international financial institutions.

这些目标包括：减缓监管政策的周期性趋势；审议全球会计标准；加强衍生品市场；审议金融机构薪酬；审议国际金融机构的职能、治理以及资源要求。