There is always a decided risk in fluctuations of financial markets, and fluctuations in exchange rates, as well. What happened on Friday may be a trend or it may be a temporary thing, but the main focus of the G-24 is on the outlook for the world economy.
In essence, we recognize the importance of surveillance of all members, particularly of their domestic policies. What is fundamental is that countries should accept these standards and apply them as soon as possible.
The communiquÃƒÂ…Ã‚Â½ reflects our particular concern about the negative impact that excessive increases in short-term interest rates in the major industrialized countries on growth prospects and the cost of credit for developing countries. We are also concerned about the potential dangers of too much volatility among the major currencies and financial asset markets.