This was quite understandable, and in some respects eminently logical at the level of the  4  BIS Review 93/2009  individual enterprise. But the risk was that these actions, in bringing on the very weakness that everyone feared, could set off a cycle of further weakening in demand and output. Now, however, it looks like confidence has recovered some ground.
Indeed, our banks are fully engaged with us in our efforts to help ensure that our system is sound, that its operations are aligned with international standards, and that its reach covers more of the previously unbanked or unserved areas.