This requires naturally different responses from the policy-makers of central banks around the world. The governance of globalisation at the international level As I have already alluded, to ensure that the process of globalisation occurs in an orderly manner, the international financial architecture plays indeed a crucial role.
It is the institutional foundations of the global economic and financial system, which deserve credit for making sure that the tremendous benefits stemming from the integration of national economies clearly outweigh the also existing challenges.