It is now recognized that a system that allows for daily market adjustment of such prices operates more smoothly and that wider dispersion of risks among economic agents is more conducive to the maintenance of economic and financial stability.
However, the issue of how economic risks are to be dispersed among the sovereign, financial intermediaries, large corporations, small businesses, farmers and households and other categories of economic agents is still a live one. It is generally acknowledged in this regard that there has to be some correspondence between the incidence of risk and different agents' capacity to bear it.