The implications include the constriction of economic funding for long-term investment and less effective monetary policy transmission mechanisms. The limited numbers of financial products with various durations, as well as primary and secondary markets that support trading, have triggered excess funds to the SBI market and short-term portfolio placements.
With regard to bank credit, steps have been designed to give state guarantees for the issue of subordinated notes by the banks, which means increasing their sources for advancing credit. This program is an important means of strengthening the economy's ability to deal with the shocks emanating from the global economy.