International Finance

This chapter examines the dispersion of governance functions in the IFA by drawing attention to the challenges that derive from the concomitant exercise of powers by supranational public administrations. As in domestic systems where the coordination of several departments, ministries, and analogous organizations is required to avoid duplication of work and gaps in services provision,3 so the lack of coordination among the bodies tasked to ensure financial stability may undermine the efficacy and accountability of the international financial architecture.