BIS central bankers’ speeches  1  governance improvements8 and attract foreign investments. Ultimately, these enhance the region’s visibility, integrity and “branding” as an asset class. The impact of good corporate governance is not just on the micro. It is also on the macro.
In fact, economic freedom requires a sound legal structure and a law-enforcing system to protect the property rights of owners and enforce contracts in an even-handed manner. The EU Treaty adheres to these ordo-liberal principles. The conduct of monetary policy was made independent.