In addition, some developments can be quite specific to business conditions in particular regions, and to those financial institutions that have extended credit to businesses and households in those regions. The end of the mining investment boom, for example, had significant implications for the economy and businesses in mining intensive regions, such as Western Australia and parts of Queensland.
13  I consider that the Bank may register losses on its statement of income at the exit from monetary easing, but believe that nothing negative will happen to the economy. I will explain the reason behind my view. Let us first look back in history.