The FDIC also recommends that the rebates not be uniform for the stronger entities. Rather, the FDIC argues that rebates should be smaller for those banks that have paid premiums for only short periods or that have in the past paid premiums that are not commensurate with their present size and consequent FDIC exposure. The devil, of course, is in the details.
Early indications suggest that the balance of payments position is strong, that the current account deficit will be managed within sustainable limits but the uncertainties and volatility associated with capital flows will test the evolving policy stance.