As a consequence, financial systems showed a high degree of resilience during the great international turmoil and thus far have remained sound. Hence, from the point of view of their fundamentals, developing countries should likely continue to be a positive factor for global economic growth. This is all the more important, as now the emerging economies account for almost half of world GDP.
The Inquiry concluded that they should. There has been a lot of debate about just where current capital ratios for Australian banks stand in the international rankings. The reason there is so much debate is because such comparisons are difficult to make.