IMF's Western Hemisphere Department, concluded in a recent paper that a continuation of current policies would endanger the Caribbean's macroeconomic stability.
Although liquidity crises are short-term emergencies and macroeconomic stability is a medium-term goal, locked credit markets soon have wider economic effects.
Stage one of this task, bringing about macroeconomic stability, has gone swimmingly.
As members of Boris Yeltsin's government, they talked of macroeconomic stability and fiscal discipline but never presented policies that resonated among ordinary Russians.
Political discord surrounding fiscal debates in the United States, austerity fatigue in the euro area, and border disputes in Asia could jeopardise macroeconomic stability.
All this augurs well for macroeconomic stability (this side of adopting the euro, when all the macroeconomic rules change), and is a record deserving of the warmest praise.
The latest setback for Zimbabwe came as newspapers reported that the government was freezing wages for public sector workers as part of efforts restrain galloping inflation and restore macroeconomic stability.
On the economic policy side, Mr Correa's proposals have worried investors and creditors, as they threaten to impair Ecuador's sovereign creditworthiness and its hard-win macroeconomic stability, achieved since its debt default of 1999.
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Unlike today, these rock-bottom yields were not obtained by every sort of central bank manipulation imaginable, but reflected the long history and expectation for monetary and macroeconomic stability that the gold standard system provided.
FORBES: The 1870-1914 Gold Standard: The Most Perfect One Ever Created
They agreed that Africa is the region with the fastest economic growth rates and the highest return on investment (ROI), and as the continent continually makes improved strides in political reform, macroeconomic stability and social development, these trends are likely to improve.
"Macroeconomic stability is not yet achieved and a solid basis for sustainable public finances remains to be established... significant restructuring is needed, especially in banking, agriculture and state enterprises, in order to guarantee competitiveness for the economy as a whole, " the EU says.
Amid macroeconomic uncertainty, political stability is no small prize.
Price stability is one goal of macroeconomic management, but only one goal: there are others.
FORBES: The Republican Platform and the Mainstreaming of the Gold Standard
To command the Federal Reserve to pursue price stability alone is to create the preconditions for macroeconomic disaster.
FORBES: The Republican Platform and the Mainstreaming of the Gold Standard
The stability or otherwise of the global economy is the sum of sovereign national macroeconomic policies.
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