Therefore, the Council is designed to foster collaboration and coordination in the four areas of: sharing  of  data  and  information  for  purposes  of  monitoring and risk assessment; overseeing and guiding macro-prudential policy framework and implementation; regular briefings, consultations and policy review with respect to relevant developments; and structured and coordinated response to any financial system imbalances and resolution as may be necessary.
However, by drawing on foreign savings capital inflows also allowed our consumers and government keeping high consumption levels. Practically the entire Serbian income was consumed in the period before the crisis. Such a model of growth was therefore socially attractive, but economically unsustainable. The prospects of repaying the ballooning external debts were dim against the backdrop of low competitiveness and exports of our economy.