However, in principle, either party could intervene on its own. International information exchange, policy coordination, and crisis management Given the growing interdependence of national economies and macroeconomic policies, the coordination of (or more accurately, mutual consultation about) these policies has taken on increased importance. The Federal Reserve takes part in many international forums to exchange information on economic developments and discuss global economic issues.
Examples include the 10 meetings each year among G-10 central bank Governors, under the auspices of the BIS; the twice a year meetings of the Economic Policy Committee of the OECD, meetings of the G-7, IMF, and regional meetings, such as APEC and Governors of the Central Banks of the American Continent.