The banking business is in a constant state of flux with new financial instruments constantly being developed and traded. New techniques and instruments have been developed, particularly to diversify and trade credit risk, making markets more complex and sometimes less transparent.
The key point in looking at future price developments is whether firms' price-setting stance will change as a result of the tax hike. I would like to show you two distinctive examples (Chart 10). The first concerns developments in prices of durable goods.