This is because communication, such as through dialogue we have today, in particular with regard to the nature, the scope and the objective of policies taken by authorities, become more crucial to maintain market confidence and hence, to reduce uncertainty. Market confidence poses an important factor to ensure the efficacy of various policies taken by authorities.
It could be obtained when the rationality of the policies taken are well understood as intended. Hence, it will gain in a convinced behavior with regard to the policy implementation. Further, maintaining market confidence is even more imperative in the aftermath of the onset of Euro zone crisis early this year, where coordination among authorities globally has been at the most challenging stage.