Indeed, conducting adequate due diligence regarding the nature of underlying investment exposures cannot be replaced by decision-making based almost exclusively on ratings. BIS Review 122/2007  3  •  Second, market participants were not sufficiently alert to the possibility that liquidity could dry up in structured finance markets, even though secondary market liquidity in the various structured finance markets has been traditionally thin.
Chart 6  Food Price InflationSelected Caribbean Economies 2000  2001  2002  2003  2004  2005  2006  2007  2008  Bahamas  1.6  2.1  2.1  3.0  1.4  1.7  4.7  3.0  3.8*  Barbados  2.5  5.2  n.a.