Information sharing can also help to reduce uncertainty and to promote economic security by demonstrating the most effective ways to strengthen the rule of law and reduce the risk of abuses. And information sharing is an important part of the effort to combat money laundering and terrorist financing - an effort led by the Financial Action Task Force here in Paris.
Where coordination can be helpful So is there any scope for outright policy coordination in a global economy? As I said at the beginning, I would argue that, when it comes to international trade and finance, actual coordination is not only desirable, it is probably necessary to facilitate the expansion of commerce and to promote well-functioning global financial markets.