At present, the aggregate financial assets in the personal sector amount to \1,380 trillion, 54 percent of which is held in the form of cash and deposits. In Germany a shift from indirect financing to direct financing has been going on successfully in recent years, and as a result risk capital has increased.
Most economists would argue that we must reaffirm the United States’ leadership role in the area of international trade policy in order to improve standards of living in the United States and among all of our trading partners. BIS Review 28/2001  3