They lengthened lending maturities, in many cases broadened acceptable collateral, and in several instances initiated new auction techniques for distributing liquidity to overcome the inertia from stigma. Central banks were in constant contact through this period, although they arrived at many of these actions separately. However, we did explicitly coordinate to address problems in dollar funding markets.
2/5  BIS central bankers' speeches  Over the last 60 years, the increased power of technology and the impact of humans on the natural environment have created an increasing number of areas where traditional borders are being eroded. These include the spillovers of climate change, the effects on government budgets of more mobile capital, and terrorist threats that transcend physical and virtual borders.