For a discussion of the possible limitations of fiscal stimulus, see Robert J. Barro and Charles J. Redlick, “Macroeconomic Effects from Government Purchases and Taxes,” Quarterly Journal of Economics 126(1): 51–102, February 2011. 2  BIS central bankers’ speeches  reserve provisioning by banks.
–  The international financial system will be jeopardized, in particular in times of increased insecurity and market volatility. International market turmoil might trigger a negative loop affecting the domestic economy of the debtor country. Legal considerations and empirical evidence On top of these economic arguments, legal aspects have to be taken into account.