Only about forty institutions reported broker-dealer assets, around thirty reported insurance underwriting assets, and less than twenty said they held significant merchant banking assets using Gramm-Leach-Bliley authority.
6  BIS Review 78/2009  macroeconomic stability associated with the typically abrupt reversal of asset price bubbles beg the question: should monetary policy give more weight to asset prices? There are various arguments that must be carefully weighed in order to answer this question. First, we know that bubbles are extremely difficult to identify in real time.