The task of meeting these challenges is enormous. The Bank is currently facing budget constraints, arising from increasing costs, the financing of the Project EAGLES, the implementation of the Banking Sector consolidation programme, and the take-over and restructuring of the Mint, all in the face of shrinking revenues - as monetary policy becomes efficient.
20  Elliott, Feldberg, and Lehnert (2013) present empirical results on the use of macroprudential (sense 2) measures in the United States, but their results are at too high a level of aggregation to be useful in making decisions on the deployment of specific supervisory or regulatory measures. The literature is growing.