... Social Survey 2005 166 Figure VI. 1. United States current-account deficit, 197 0-2 004 Collective deviation GDP (left axis) Dollar index (right axis) -6 -5 -4 -3 -2 -1 0 1 2 1970 1972 1974 1976 ... risks call for greater consis- tency in the supervisory treatment of financial risk across functional segments of the indus- try. For instance, by now, capital adequacy, supervisory review of risk ... emergency financing dur- ing crises, would provide developing countries with a “collective insurance” that was cheaper and therefore more efficient than “self-insurance” via foreign-exchange reserve...