If it is comfortable with the conditions, it will be able to sign up from day one. BIS Review 87/1998  -3-  This way, we should be able to avoid the long periods of semi-public haggling over conditions that characterised the Asian crises and did so much to frighten the markets into pushing exchange rates down excessively. BIS Review 87/1998
• Our societies and economies face multiple scars and pressing concerns. Policy space is more limited and idiosyncratic social and structural challenges hamper development and constrain decision making. • The magnitude of the challenges that central banks face cannot be overstated.