7  See Levine (2005) for a brilliant summary of the literature. 8  See Merton (1992). 4  BIS Review 63/2010  The prevalence of this model led to significant growth in the market for structured finance in the United States and, to a lesser extent, in Europe.
*  *  *  The Solidaridad Eastern and Central Africa Expertise Centre (SECAEC), was officially established in September 2008 in Nairobi, Kenya with the vision to be a regional leader in combating structural poverty amongst producers in Africa and promoting social and environmental sustainability. – This is what I term binding constraints in our economies.