In particular, we now have further evidence that there is a large and growing disparity between the risk management practices of what might be called the “best practice” financial institutions and those of their competitors around the globe. This disparity, moreover, runs much more deeply than the weaknesses exposed during the Asian financial crisis.
“New Evidence on the Interest Rate Effects of Budget Deficits and Debt,” Journal of the European Economic Association, vol. 7 (June), pp. 858–85. 5/6  BIS central bankers' speeches  Laubach, Thomas, and John Williams (2015). “Measuring the Natural Rate of Interest Redux (PDF),” Working Paper Series 2015–16. San Francisco: Federal Reserve Bank of San Francisco, October. Reifschneider, David, and Peter Tulip (2007).