The following continue to warrant careful monitoring: how actively investors will take risks; how far private banks will ease their lending stance; and how these changes will affect economic activities. BIS Review 126/1999  2
This development seems, in particular, to have brought benefits to the less well-rated borrowers, as the amount of bonds issued by this category of borrowers increased most rapidly in 1999. It cannot be denied that the process of Economic and Monetary Union has contributed positively to this development.