It occurred, for example, during World War II that you could only negotiate transactions with gold.”  2  BIS Review 76/2005  the economy. All the final demand components – household consumption, government consumption, and fixed capital formation – have been expanding briskly. As could be expected, the upswing in economic activity and expenditure was accompanied by a strong increase in import volumes.
As with tiered regulation, this tiered approach to supervision is intended to take account of differences in business models, risks, relative regulatory burden, and other salient considerations. Where specific regulatory goals for the different portfolios vary, the supervisory programs should reflect those differences.