In the post-World War II decades, this tradition continued in the U.K. research  -2benefit of hindsight, that emphasis probably derived from three sources: First, the quantity theory of money emphasized the link between the quantity of money and inflation; second, that research was carried out when monetarism was gaining credibility in the profession; and, third, there was a concern that interest rate rules might lead to price-level indeterminacy--an issue disposed of by Bennett McCallum and others.
A pervasive lack of awareness about the risks embedded in new financial products certainly increases the likelihood that users of those products may face difficulties and that those difficulties may become systemic. One way policymakers can help prevent this possibility from happening is by supporting increased transparency and disclosure.