By summer of last year, it was finally becoming apparent that the growth of demand was slowing and its evident excess over the growth of potential supply, as proxied by a diminishing pool of available labor, was being contained. Nominal and real long-term corporate rates eased off somewhat in June and July and then were stable until much later in the year.
Another is that once the new regime is invoked, the government should have broad authority to wind down the financial firm in an orderly way. 2  BIS Review 48/2010  Most importantly, there should be a clear expectation that the shareholders and creditors of the failing firm will bear losses to the fullest extent consistent with preserving financial stability.