The authors are to be commended for reinforcing these common-sense lessons. By doing so they give further impetus to both financial literacy and regulations that foster market experimentation and development while appropriately protecting those that need to be protected and responding to market imperfections when they appear. 6  BIS Review 73/2001
In addition, the economic cost of the adjustment effort is unprecedented during peacetime. Between 2008 and 2016, Greece lost over one fourth of its GDP at constant prices, and the unemployment rate rose by nearly 16 percentage points.