9  It is not mere coincidence, by the way, that this came at the same time as the macroeconomic instability concerns of the 1960s, 1970s and 1980s receded. Better macroeconomic stability has coincided with, and in all probability encouraged, a dramatic increase in the size and complexity of financial activity.
BIS Review 122/2006  3  Financial and economic trends in Australia in the past decade The most prominent financial development of the past decade has, of course, been the change in the structure of the balance sheets of households. Much has been said about this and so any description here can be brief.