For this reason, an interest-rate regime has to be modeled in 3  BIS Review 16/2000  terms of a policy reaction function.
6  Fourth, appropriately structured resource mobilisation is key to successful provision of housing finance and related services. Given that housing finance is inherently long-term in nature and that there is an imperative for further growth in Botswana, it should be supported by a large pool of stable deposits and/or investments.