The general objective of the actions of market participants and policy-makers should be to strengthen the resilience of the financial system and safeguard its stability in order to preserve the benefits of financial integration and innovation for the economy’s efficiency and dynamism and its long-term growth. IV.
The contribution of research  The appropriate actions to be taken by market participants and policy-makers to strengthen the resilience of the financial system and to safeguard its stability are numerous and challenging. In this effort, economic research can make an important contribution. Significant progress has already been made in enhancing our knowledge about the implications of financial integration and innovation for economic performance.