5  Of course, experience has taught us the difficulty of prior detection of excessive activities and imbalances. That is why we also need to prepare crisis management policy tools to prevent crises from spreading. The IMF's lending facilities play a crucial role in such crisis management.
1  BIS Review 88/1999  We are not Icarus; there is no need to fear that we will fly too close to the sun. Tonight is not the appropriate occasion to spell out our detailed approach to monetary policy or its role in the South African economy.