2  See Triffin 1960. 2  BIS central bankers’ speeches  The dilemma could, however, be formulated in more general terms. Given the BW rules, there were domestic policy incentives in the key reserve-issuing and holding countries not to comply with these rules, at the expense of the system’s sustainability.
The unscrupulous insurance agent or investment fund manager who deliberately promises an unsuspecting client, more than could be delivered; who tells you that your principal is guaranteed when it is not; who tells you that your premiums will never increase when the fine print says otherwise: the insurance company which refuses to pay your claim even though you kept up with your premiums.