This is necessary if we are to understand properly their role in the Irish economy, even if it poses serious methodological and practical challenges. At the international level, improved data sharing across borders would be helpful across many dimensions. In relation to production, a common understanding across jurisdictions in relation to the global operations of multinational firms would improve the consistency of national accounts.
This implies that the financial system is robust to systemic risk. Financial stability allows the financial system to withstand shocks without impairing the processing of payments in the economy, and ultimately, the allocation of savings to investment opportunities. Accordingly, a robust and resilient market infrastructure is key to financial stability.