Indeed, some empirical studies find greater benefits from financial openness when domestic financial markets are more developed and where institutions and markets are well supervised.12 Granted, setting up an adequate financial policy framework takes significant time and resources.
BIS central bankers’ speeches  1  Allow me to spend few minutes to highlight a few points about what is contained in the Vision document. The NPS Vision 2015 document provides a high-level strategic direction for the Namibian payment system up to 2015. The NPS Vision 2015 contains six strategic focus areas, I will highlight a few.