The absence of any oversight framework for macroeconomic policies has been redressed through the creation of a dedicated procedure for the monitoring of macroeconomic imbalances such as excessive credit growth or exuberant house price increases.
Improved living standards could lead rural families to withdraw women from the  4  BIS central bankers’ speeches  labour force (Chart 12). Also, higher prosperity could lead to greater investment in educating girls (for the age group 10 to 24) again leading to lower participation in the workforce. 3.