1 A macroprudential approach firstly, has a time dimension which deals with how risk evolves over time, with procyclicality as the primary source of risk. Secondly, it has a cross-sectional dimension dealing with how risk is allocated within the financial system at a given point in time, with common exposures and inter-linkages between financial firms as the primary sources of risk.
Originating mainly from 1/3  BIS central bankers' speeches  resource-rich countries, African exports are concentrated in raw materials and agricultural products. These range from crude oil, gold and diamond to cocoa and timber, fruits and nuts, copper, natural gas, cotton, iron ore, uranium, just to name a few of these. Imports are mainly dominated by capital goods.