Efforts include forums like this one for discussion about opportunities and shared challenges in different spheres of action at the regional level. In my view, these efforts represent an effective mean of adopting international standards and adjusting them to the realities of the continent. Regional agreements are extremely valuable as a way of consolidating the implementation of a uniform set of best practices.
So what does the new division of labour in macroeconomics look like? What role should monetary policy have in securing financial stability? This is, incidentally, a major focus of the Bundesbank’s research.