In summary, they don't expect an abrupt and substantial rise in interest rates, which would have had adverse effects both on the fiscal deficit and on consumer demand, thus precipitating a cyclical downturn.
During the global financial crisis, this included a network of currency swap lines to facilitate access to foreign-currency liquidity, while fora such as the Bank for International Settlements and the Financial Stability Board enable the sharing of analysis and information across jurisdictions. Similarly, there is a significant degree of coordination in banking regulation through the Basel Committee.