Possibilities include privatising or improving the governance arrangements for government-owned banks, improving the contestability of financial systems and, importantly, ensuring that financial safety nets and the strategies for addressing bank failures do not shield creditors from any possibility of loss. Reducing vulnerability to short-term capital flows. Short-term capital flows clearly played a major role in the Asian crisis.
Results of IBRN work are regularly published in blog columns such as VoxEU and Liberty Street Economics of the New York Fed. Several workshops have been conducted back-toback and jointly with the IMF, CEBRA, or the BIS. IBRN work has been discussed in FSB, CGFS, BCBS, IMF venues.