We have learnt that sound macroeconomic policies at all times make it easier to absorb the fluctuations in the financial markets. Countries that do not apply sound macroeconomic policies are punished more severely during times of international currency turmoil.
This is affected by issues such as the burden of administrative procedures, or  BIS central bankers’ speeches  3  the speed and quality of the judicial system. These are areas where governments, through reforms, are in a position to make a difference.