And why should I be so scared of them, singly or in combination? That’s enough titillation for now! Let me clarify the mysterious acronyms: MIT stands for the middle income trap; ELT is the extended life trap; and BLT is the banking liquidity trap.
I hope  BIS Review 161/2010  3  that, by the time I resume my seat, some of you will begin to share my concern that this formidable trio packs a very powerful punch indeed, and constitutes a veritable trifecta of challenge confronting our country. This is not just my diagnosis of our current predicament.