The example of the dinarisation makes it clear that models, causality and predictions are not tied up in a methodological knot that cannot be untangled, and that the results are sure to follow from a firm commitment to that objective.
This is evidenced from the fact that prime rated companies (i.e., P1+ or equivalent) constituted about 87 per cent of the total amount of CP issued during 2004-05 so far as indicated above. Therefore, investors in the market appear to require commercial paper to have virtually no default risk.