2  Cannon, M.(1966), The Land Boomers, Melbourne University Press, Melbourne, p. 12. 3  Hewat, T. (1992), Banking on the Bendigo, Wrightbooks Pty Ltd, Brighton, p. 1. 2  BIS Review 88/2008  Recent developments exposed the risks inherent in a business model involving heavy reliance on wholesale, short-term funding and securitisation of loans. For some institutions, events unfolded in devastating fashion.
Among other things, it will tend to weigh on growth of economic activity, labour force participation and the public purse. It may weigh on productivity growth to the extent that it leads to less risk-taking and innovation. It will also lead to a rise in the demand for a range of services, including aged care.