Page 5 - ECONOMIC LEARNING MEDIA AND ITC
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conditions. International cooperation and coordination between countries is important to
overcome systemic risks originating from abroad.
Financial system stability is an important prerequisite for sustainable economic growth
and to ensure that people can access financial services safely and reliably. If the financial system
is unstable, a financial crisis could occur which will have a negative impact on the economy as a
whole. Therefore, financial authorities and central banks play an important role in ensuring the
stability of the financial system.
