This combination of structural and conjunctural factors, manifested in the extraordinary nature and consequences of the global financial crisis, has clearly revealed the need to revamp the regulatory and supervisory framework, both along the traditional micro-prudential dimension and the new, complementary, macro-prudential approach.
This requires the appropriate legislative and legal framework and the capacity to effectively regulate the financial system. Let me put these two stability conditions in a way that the ordinary layman would understand. If the currency is devalued, the ability to purchase goods from abroad will be decreased and the prices of all goods will go up due to inflation.