In the short-term, there needs to be coordination of measures to alleviate the immediate pressures. While the Bank is ready to do what it can to alleviate the impact of the stronger currency, we need to recognise the limits to what can be done by the Bank alone in the face of these extraordinary events.
Since the outbreak of the global crisis, policy community and academia in the global world have brought their minds to bear on the question of how the crisis arose and proposals for its resolution.