As the recent literature on early indicators 4 started by researchers at the BIS shows, there are indicators based on money and credit developments that can provide guidance on the nature and the consequences of extraordinary asset price developments, and thereby help to define the need for policy action.
Some continuing infirmities that especially hurt new firms: o  Infrastructure plus logistics: Weighted against the small.   o o  Roads, ports, airports, power, internet marketplaces  Land: Weighted against the new.   2  Entry of 23 new banks  Competition between states  Finance: Weighted against new and untried. Changing with technology and new institutions.