Through such a continuous process, an increase in a wide range of asset prices and a decline in funding costs in a range of markets are expected to materialize. The third channel is called the inflation expectation channel and focuses on increasing not only the actual rate of inflation but also medium- to long-term inflation expectations, so that real long-term interest rates are lowered.
We have also established the Central Credit Registry which helps banks to manage risks, having insight into the credit histories of their clients in the entire country. 2 of 5  Our cash operations underwent a serious test in October 2008, when, our citizens, in panic, withdrew significant amount of deposits from banks in only several days.