In addition, the measures are designed to be flexible enough to take into account specific circumstances. A system of allowances, for example, is in place that allows banks to lend above the mortgage measure limits.
BIS Review 52/2009  1  Inflation is subsiding across the world with cooling demand and weakening commodity prices; however, this has not translated into gains in purchasing power in the face of high job losses and eroded profit margins for firms. In many emerging economies, this has resulted in overvaluation of currencies, partly reflecting the appreciation in the key reserve currencies.