Instability that starts off in the form of a liquidity crisis can degenerate into an insolvency crisis, since market participants, convinced that their level of knowledge is inadequate, will be unwilling to lend to each other.
Ebastabiilsus, mis saab alguse likviidsuskriisi kujul, võib manduda maksejõuetuse kriisiks, kuna turuosalised, kes on veendunud oma teadmiste ebapädevas tasemes, ei soovi üksteisele laenata.