At the same time, availability of information is vital since it is the basis on which perceptions and expectations are formed, which ultimately drive markets and even business cycles. Information conveyed by the balance sheet, income and cash flow statements is the bread and butter of traditional accounting. Risk information is supplied primarily through supplementary risk disclosures.
Likewise, Larry Summers recently argued that the best way to  2  See Caballero, R.C., Farhi, E., and P.-O. Gourinchas (2015), “Global Imbalances and Currency Wars at the ZLB”, NBER Working Paper No. 21670, October. 3  See Bernanke, B.S. (2005), “The Global Saving Glut and the U.S. Current Account Deficit”, Speech 77, Board of Governors of the Federal Reserve System (U.S.).