It is not at all surprising that such new information technologies are expected to be utilized in various financial services, considering that the basic function of finance is information processing. Financial infrastructure, including financial markets and payment systems, efficiently processes large amounts of information.
The fiscal rules of the Stability and Growth Pact are another, even if the extent of their success is open to dispute. However, time inconsistency is only one of the reasons why decision makers sometimes find it difficult, when they make their decision, to choose what will be right in the long run. 2.