This has resulted to stagnation in the growth potential for such services. A successful model requires building up of partnership  2  BIS central bankers’ speeches  arrangements which leverage on the respective strengths of the stakeholders. The roles and responsibilities of each partner have to be clearly defined and agreed to.
Eggertsson, Gauti B. and Paul Krugman (2012), Debt, Deleveraging, and the Liquidity Trap: A Fisher-Minsky-Koo Approach, Quarterly Journal of Economics, 127(3), pp. 1469–1513. Fisher, Irving (1933), The Debt-Deﬂation Theory of Great Depressions, Econometrica, 1, pp. 337–357. Goodfriend, Marvin (2011), Central banking in the credit turmoil: An assessment of Federal Reserve practice, Journal of Monetary Economics, 58(1), pp. 1–12.