Having said that, we should also remember that we currently have very substantial export revenues from oil and shipping, and these sectors are highly sensitive to cyclical developments. BIS Review 30/2005  1  In this perspective the current rising consumption does not pose balance problems for the economy.
This might involve sizeable changes in prices, but it is important to look at things from a general equilibrium  2  BIS central bankers’ speeches  perspective, rather than analysing things in a partial manner. The financial system is very much a system, with a high degree of interconnectedness. A number of other general lessons can also be gathered from the papers. 1.