4 Trade Developments in 2016: Policy Uncertainty Weighs on World Trade by Constantinescu, C., Matto, A., and  Ruta, M. (2017) 5 On the importance of inclusive institutions, see Acemoglu D. and J. Robinson (2012), Why Nations Fail: The  Origins of Power, Prosperity and Poverty.
As liquidity in ABS primary and secondary markets (including ABS-based repo markets) has dried out almost completely during the turmoil, counterparties have intensified the use of ABS as Eurosystem collateral.