17  De Walque et al. (2010). BIS central bankers’ speeches  7  As macro-prudential policies are developed and become effective, there will be a need for further international cooperation.
Central banks have a long history of exchanging views and information; since they are very much involved in macro-prudential bodies this is solid ground on which to build effective mechanisms of cooperation in the macro-prudential field. Could there be consequences for the setting of monetary policy?