The wound that has been inflicted upon the public confidence – confidence in the markets and their protagonists, in the future of millions of people, in the social compact that binds us together – has to be healed. 10  BIS Review 68/2009  Overcoming the crisis means rebuilding that confidence.
There are several ways to implement adequate policies to further development and institutional stability. The pace of institutional reform implementation – both at the micro and macro levels – cannot be kept separate from the specificities and the economic and social environment of each country. The depth, quality and implementation pace of institutional reforms are at least as relevant as their sustainability in time.