1. the parties (borrower; lender; central bank) often are able to cheaply stipulate to terms that -complete? the contract ex-post; or ii) the parties (borrower; lender; central bank) often are able to cheaply implement remedies; or iii) the parties (borrower; lender; central bank) often are able to provide risk management measures (such as reserves, third-party insurance, increased monitoring; cost reduction; etc.); iv) the parties (borrower; lender; central bank) often are able to cheaply wait for outcomes; v) the contract terms are often specified in substantial detail; vi) the parties can initiate low-cost judicial actions (such as non-jury declaratory-judgment lawsuits) to determine their rights;Contrary to Tirole (2009), -contract incompleteness? within the context of loan-defaults and financial stability is much less relevant than in other contexts because: i)