Sharon Donnery stresses international co-operation role in financial stability
National institutions cannot foster financial stability on their own, so international co-operation is essential, said Central Bank of Ireland deputy governor Sharon Donnery on January 31.
At the Warwick Economics Summit in the UK, Donnery pointed out “maintaining stability in the highly interconnected world we live in can be challenging for national institutions”. As a result, “the solution to this interconnectivity is multilateralism”.
The official acknowledged that following the financial
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