Insufficient supervision of banks and markets is a contributory factor. BIS Review 110/1997  -3-  The liquidity of markets, the belief that securities can be sold without incurring substantial losses can lead to an erroneous perception of the risk.
Ewart S Williams: Inflation in Trinidad and Tobago Opening remarks by Mr Ewart S Williams, Governor of the Central Bank of Trinidad and Tobago, at the launch of the Bank’s Education Pamphlet No. 2 - “Inflation”, Port-of-Spain, 8 August 2006.