Blindly super-imposing on us solutions that might have worked elsewhere, is done at the expense of more problems in the future. To this point, I refer to the much-debated Aqualectra and the Sint Maarten Harbour bonds that were bought by the Bank.
Back then, an unexpectedly small Fed rate hike was seen as a trigger of the bond market turmoil. The recent financial crisis has added an important new element: the structure of the international bond markets has shifted considerably in recent years, partly in response to financial market crises.