6  Our estimates suggest that a reduction of two years in credit recovery times could substantially decrease, by up to one half in steady state, the ratio of bad debt to total loans. This suggests that government action to reduce the length of judicial procedures is a key ingredient for a reduction of the stock.
11  Alan Blinder has likened bubble-popping strategies to sticking a needle in a balloon; one cannot count on letting out the air slowly or in a finely calibrated amount. BIS Review 59/2002  5  twice about their equity investments?