By virtue of a bird’s eye view of the economy and their superior credit assessment of the investment proposals and the efficiency of capital, banks should endeavour to economise on ‘search’ costs in identifying and nurturing growth impulses in the commodity and service producing sectors of the economy.
BIS Review 111/2010  9  swiftly goes beyond the unfolding of a crisis: in periods of accelerated change, swift action might be essential to prevent loss of control of the situation. Again, this seems to me to be true both for standard and non-standard measures. (ii)  Crisis prevention  The second major issue for the next decade is crisis prevention.