In particular, it is encouraging that there is significant progress in the “goods market efficiency” category, where the rank has improved markedly, from position 93 in 2008 to 68, although it is a deterioration from last year’s rank of 58. This can be seen as a reflection of the early gains from recent initiatives to improve the business climate.
In a nutshell: liquidity problems always have the potential to affect bank balance sheets and, in doing so, bank capital adequacy.