If it is stable and efficient, it coordinates the economy’s activities, helping to improve the living standards of its citizens Thank you for your attention. 1  Mishkin, S. Frederick (2005), “Is Financial Globalization Beneficial?” NBER Working Paper No. 11891 (December). BIS Review 59/2006  3
Usually decisions are taken at the committee meeting, but major and complex policy decisions will often be referred to the Governing Committee. Management decisions are taken at weekly meetings of the Bank’s Senior Management Group and all communications issues and requests are discussed weekly at the Communications Committee.