Also, too much focus on a timely crisis response can increase moral hazard on the part of recipient economies and investors, on the other hand, too strict bailout conditions can bring about a stigma effect, undermining the bailout’s usefulness. Thus, a balanced design and effective surveillance mechanisms are crucial.
Having said that, what is most important is that every individual economy should be committed to making every effort for the stability of its own financial system. First of all,  10  IMF (2012b). 11  Kim (2012a). 12  Hill and Menon (2012).