Third, prospects for widespread healthy economic conditions appear to be somewhat slimmer. Although a moderate rebound is expected for emerging economies, the less favorable global scenario requires them to think anew about how to position themselves. The most obvious challenge comes from possible consequences related to the unwinding of lax U.S. monetary policy.
Authorities world-wide have made great efforts to contain the further deepening of the crisis and this process has confirmed the crucial importance of deposit insurance and other safety nets. However, at the same time, it has also become clear that there remain a number of issues to be addressed, in order to prevent any future crisis of such magnitude.