I look forward to this plan being put in place in the near future. The obstacles to policy coordination can be classified into global and domestic dimensions. 1. Global dimension  As the interconnectedness of global economies has intensified, the need for international policy coordination has grown to a great extent.
If a national jurisdiction imposes capital controls in the absence of policy coordination with its neighboring jurisdictions, the risks may spill over to other neighboring countries as opportunities for regulatory arbitrage open up.