The pool  2  BIS Review 105/2010  receivables in such cases are assigned directly to the “assignee” or “purchaser”. Such deals typically involve a bank or a mutual fund acquiring the portfolio from other banks or NBFCs. 12.
Global policies, the tax system and financial stability also matter A lesson from this period is that while monetary policy can always achieve price stability, whether this occurs in the context of balanced growth also depends on other factors. As the housing boom has shown, these factors include global policy settings and the structure of the tax system.