Problems are different from country to country and no standard macroeconomic module can be prescribed on a global basis for universal application. The multinational institutions should concentrate on the obvious shortcomings of the present infrastructure for international payments, international capital flows and the determination of exchange rates.
The process of financial globalisation, worldwide financial market integration and liberalisation of financial institutions moved faster than the global authorities themselves did with their control and surveillance systems. The approach now should not be for the markets to be stopped in their progress, but rather for the authorities to catch up.