The vicious circle that is thereby created, as each waits for the other to do the right thing, threatens to destabilize the entire global economy. How can we escape this “prisoner’s dilemma”? The G-20 Framework for Strong, Sustainable and Balanced Growth offers just such an escape.
The Bank lends it full support to this current initiative of the SEC and encourages all market participants to participate as effectively as possible to ensure the success of this study. I thank you. 2  BIS Review 41/2010