For example, let us take rediscount lines, which have historically represented as asset with a high risk of recovery for the Central Bank.
In many banks the proportion of trading assets in the balance sheet increased substantially as securities and derivatives trading provided a relatively fast and flexible way to grow.9  4  Cecchetti and Kharoubi (2012), Reassessing the impact of finance on growth, BIS Working Paper 381. 5  Stein (2012) and Bolton, Santos, and Scheinkman (2012), respectively.