BIS central bankers’ speeches  1  Traditionally credit risk was the major type of risk facing banks in Uganda. The adoption of IT increases the importance of operational risk, while the increasing integration of the Uganda financial sector into global financial markets, through cross border banking and capital flows, also creates new sources of risk.
The charge is that economists suffered from “physics envy” which led them to formulate elegant theories and models – using sophisticated mathematics with impressive quantitative finesse – deluding themselves and the world at large that their models have more exactitude than they actually did. Is economics like physics? 11.