BIS Review 121/2006  3  If a triggering event of sufficient severity were to occur, it could bring about an abrupt increase in longterm yields, and credit and equity risk premia across mature capital markets and emerging market economies. This would imply significant asset portfolio losses for banks and other financial institutions.
Although this opposition has many sources, I have suggested that much of it arises because changes in the patterns of production are likely to threaten the livelihoods of some workers and the profits of some firms, even when these changes lead to greater productivity and output overall.