6  Daran Acemoglu ja James Robinson, Why Nations Fail? The Origins of Power, Prosperity and Poverty,Crown Publishers, New York 2012. Finnish translation (Kimmo Pietiläinen), Miksi maat kaatuvat. Vallan, vaurauden ja varattomuuden synty, Terra Cognita, Helsinki 2013. BIS central bankers’ speeches  3  definition, because pluralistic democracy, property rights and the market economy is wellestablished and secured by constitution.
Our policy makers however appreciated that there was no room for complacency and decided to be proactive. Hence in 2007 the National Treasury launched a review of South Africa’s financial regulatory system. This work culminated in the Minister of Finance publishing a policy document, A Safer Financial Sector to Serve South Africa Better, also known as the “Red Book”.