BIS Review 93/2001  3  The euro area is not an island and global developments do affect the euro area economy of course. Hence, one of the requirements of a globalised world is a frequent exchange of information and views among policy-makers.
The Eurosystem currently participates in the meetings of international organisations, such as the International Monetary Fund (IMF), the Organisation for Economic Cooperation and Development (OECD) and the Bank for International Settlements (BIS), and different fora, such as the G7 and G10. These exchanges are important to better understand economic developments and to fully analyse the spill-over effects in the economy arising from different policies.