The regulation of money and credit to provide short, medium and long term finance at the appropriate prices, volumes and maturities;  5. The active promotion of economic development through policy research and advocacy.
I have also argued that such measures were desirable, given that those risks were about to materialise. It is well known, however, that the ex ante availability of insurance distorts incentives and can lead to imprudent behaviour. It is worth bearing in mind that the trade-off between insurance and incentives is the third important principle inspiring our non-standard measures.