The example of the 1970s cannot therefore be interpreted as a qualitative estimate of the possible effects of the current shock. However, there are also more than a few similarities; qualitatively speaking, the effects could be considerable.
BIS central bankers’ speeches  3  Reviewing business models The second challenge is what we may call the review of business models. There is no universally optimal business model which is continuously applicable across time and borders. It is true that, during the economic boom period, the business model of Japanese firms matched the conditions of the world economy at that time.