Inflation has been coming down in both industrialized and emerging-market economies during the 1990s. However, achieving sustained global growth requires certain improvements. This potential global prosperity demands sounder banking institutions in all countries, particularly those that are still heavily dependent on bank-based financial intermediation, and more stable financial systems, putting a special burden on supervisory and regulatory authorities to remain vigilant.
Similarly, technology allows for a more intertwined financial system, which again requires discipline by both the private sector and the public sector to remain successful.